About This Webinar
Pantheon Resources (AIM: PANR) is an oil and gas exploration company with 100% working interest in a number of oil projects on the Alaska North Slope.
During the webinar, Pantheon will be discussing the geology behind its most recent resource upgrades at its Talitha and Theta West projects and the positive implications for Pantheon, as well as providing a general update.
Over recent months, Pantheon announced that its Theta West project, previously referenced as the Basin Floor Fan, was estimated to contain 12.1 billion barrels of oil in place (“OIP”) and a P50 Contingent Resource (recoverable) of 1.41 billion barrels of oil.
More recently, the Company provided an estimate for the Shelf Margin Deltaic (“SMD”) at Talitha. Management believes the SMD-B, which is one of three discrete intervals in the SMD horizon, has the potential to contain 2.6 billion barrels OIP and a P50 Contingent Resource (recoverable) of 404 million barrels of oil.
Pantheon’s projects offer significant advantages over other undeveloped Alaskan oil projects because it is advantageously located underneath and adjacent to main transportation infrastructure in Alaska, specifically the Trans-Alaska Pipeline (TAPS) and the Dalton Highway.
Presenters: Jay Cheatham (CEO), Bob Rosenthal (Technical Director) and Justin Hondris (Finance Director), Roger Young (Chief Technology Officer of eSeis), Daniel Hughes (Technical Advisor at eSeis) and Mike Smith (President of AHS)
Notes to Editors
Pantheon Resources plc is an AIM-listed Oil & Gas company focused on several large projects located on the North Slope of Alaska (“ANS”), onshore USA where it has a 100% working interest in over 160,000 highly prospective acres with potential for multi-billion barrels of oil recoverable. A major differentiator to other ANS projects is its close proximity to transport and pipeline infrastructure which offers a significant competitive advantage to Pantheon, allowing for materially lower capital costs and much quicker development times. The Group’s stated objective is to create material value for its stakeholders through oil exploration, appraisal and development activities in high impact, highly prospective conventional assets, in the USA; a highly established region for energy production with infrastructure, skilled personnel and low sovereign risk. All operations are onshore USA, with drilling costs materially below that of offshore wells.
The Company has received Independent Expert Reports certifying a Contingent Resource of 76.5MMBO (million barrels of oil) recoverable on its Greater Alkaid project and management have estimated Contingent Resources of 1.4 billion barrels of oil at Theta West and 404 million barrels of oil in the Shelf Margin Deltaic horizon.
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