Pantheon Resources Graduates to the OTCQX Best Market

Rhea-AI Summary

Pantheon Resources plc has successfully upgraded to the OTCQX Best Market from the Pink Market, now trading under the ticker symbol PTHRF. This transition aims to enhance visibility and accessibility for U.S. investors. The company holds a 100% working interest in oil projects across approximately 153,000 acres on the Alaska North Slope, close to critical transportation infrastructure, which facilitates lower capital costs and faster development. CEO Jay Cheatham emphasized the importance of this move for providing transparent trading to U.S. investors.

Positive

• Upgrade to OTCQX enhances visibility and accessibility for U.S. investors.
• Pantheon has a 100% working interest in 153,000 acres on the Alaska North Slope.
• Proximity to transportation infrastructure offers a significant competitive advantage.

Negative

• None.

LONDON, ENGLAND / ACCESSWIRE / September 7, 2022 / Pantheon Resources plc ("Pantheon" or the "Company") (AIM:PANR) (OTCQX:PTHRF), the oil and gas company with a 100% working interest in all of its oil projects spanning c. 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope ("ANS"), is pleased to announce that it has qualified to trade on the OTCQX Best Market under the ticker symbol of PTHRF. Pantheon has upgraded to OTCQX from the Pink Market.

The OTCQX is the highest market tier of OTC Markets and trading will enhance the visibility and accessibility of the Company to U.S. investors. Pantheon's ordinary shares will continue to trade on AIM under the symbol PANR.

Pantheon Resources Plc begins trading today on OTCQX under the symbol "PTHRF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

Jay Cheatham, CEO of Pantheon Resources, commented, "I am pleased to announce this achievement of Pantheon upgrading to OTCQX, the highest tier of OTC Markets. This is an excellent opportunity for the Company to be able to provide fully transparent trading to our U.S. investors in real time, and to help further increase both accessibility and visibility to trade Pantheon stock for U.S. investors at this key stage in our journey. Given 100% of our oil and gas assets are located onshore USA, this is a logical step for our Company."

Further information: Pantheon Resources plc
Jay Cheatham, CEO	+44 20 7484 5361
Justin Hondris, Director, Finance and Corporate Development
Canaccord Genuity plc (Nominated Adviser and broker)
Henry Fitzgerald-O'Connor, James Asensio	+44 20 7523 8000
BlytheRay
Tim Blythe, Megan Ray, Madeleine Gordon-Foxwell	+44 20 7138 3204

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 153,000 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Pantheon Resources PLC

View source version on accesswire.com:
https://www.accesswire.com/714981/Pantheon-Resources-Graduates-to-the-OTCQX-Best-Market

FAQ

When did Pantheon Resources upgrade to the OTCQX Best Market?

Pantheon Resources upgraded to the OTCQX Best Market on September 7, 2022.

What is the new ticker symbol for Pantheon Resources on the OTCQX?

The new ticker symbol for Pantheon Resources on the OTCQX is PTHRF.

What acreage does Pantheon Resources hold on the Alaska North Slope?

Pantheon Resources holds a 100% working interest in approximately 153,000 acres on the Alaska North Slope.

Why is the OTCQX upgrade important for Pantheon Resources?

The OTCQX upgrade is important as it enhances trading visibility and accessibility for U.S. investors.