Pantheon Resources PLC Announces Appointment of CEO and Board Changes
Pantheon Resources (AIM:PANR) has appointed Max Easley as Chief Executive Officer, effective February 28, 2025, succeeding Jay Cheatham who will transition to a Non-Executive Director role. Easley, a native Alaskan with over 30 years of energy industry experience, brings extensive expertise from executive roles at BP, Apache , and PETRONAS Canada.
The appointment marks a strategic step toward the company's possible US listing and transformation from exploration to development and production. Easley's compensation package includes 400,000 Restricted Stock Units under the ESOP, 5 million options with various vesting criteria, and eligibility for ongoing senior executive grants.
Pantheon Resources is currently developing the Kodiak and Ahpun oil fields on Alaska's North Slope, positioned near pipeline and transportation infrastructure. The company views this as a critical inflection point, with plans to accelerate development and production of these resources.
Pantheon Resources (AIM:PANR) ha nominato Max Easley come Amministratore Delegato, con effetto dal 28 febbraio 2025, succedendo a Jay Cheatham che passerà a un ruolo di Direttore Non Esecutivo. Easley, un nativo dell'Alaska con oltre 30 anni di esperienza nel settore energetico, porta con sé una vasta esperienza da ruoli esecutivi in BP, Apache e PETRONAS Canada.
Questa nomina rappresenta un passo strategico verso la possibile quotazione della società negli Stati Uniti e la trasformazione da esplorazione a sviluppo e produzione. Il pacchetto retributivo di Easley include 400.000 Unità Azionarie Riservate nell'ambito dell'ESOP, 5 milioni di opzioni con vari criteri di maturazione e idoneità per concessioni continue ai dirigenti senior.
Pantheon Resources sta attualmente sviluppando i giacimenti petroliferi Kodiak e Ahpun sulla North Slope dell'Alaska, posizionati vicino a infrastrutture di pipeline e trasporto. L'azienda considera questo come un punto di svolta critico, con piani per accelerare lo sviluppo e la produzione di queste risorse.
Pantheon Resources (AIM:PANR) ha nombrado a Max Easley como Director Ejecutivo, con efecto a partir del 28 de febrero de 2025, sucediendo a Jay Cheatham, quien pasará a un rol como Director No Ejecutivo. Easley, un nativo de Alaska con más de 30 años de experiencia en la industria energética, aporta una amplia experiencia de roles ejecutivos en BP, Apache y PETRONAS Canadá.
El nombramiento marca un paso estratégico hacia la posible cotización de la empresa en EE. UU. y la transformación de exploración a desarrollo y producción. El paquete de compensación de Easley incluye 400,000 Unidades de Acciones Restringidas bajo el ESOP, 5 millones de opciones con varios criterios de adquisición y elegibilidad para concesiones de ejecutivos senior en curso.
Pantheon Resources está desarrollando actualmente los campos petroleros Kodiak y Ahpun en la North Slope de Alaska, situados cerca de la infraestructura de oleoductos y transporte. La empresa considera este como un punto de inflexión crítico, con planes para acelerar el desarrollo y la producción de estos recursos.
팬테온 리소스 (AIM:PANR)는 맥스 이슬리를 최고경영자(CEO)로 임명하며 2025년 2월 28일부터 업무를 시작한다고 발표했습니다. 이슬리는 제이 치덤의 후임이며, 치덤은 비상임 이사 역할로 전환될 예정입니다. 이슬리는 30년 이상의 에너지 산업 경험을 가진 알래스카 원주민으로, BP, 아파치 및 PETRONAS 캐나다에서의 경영직 경험을 보유하고 있습니다.
이번 임명은 회사의 미국 상장 가능성과 탐사에서 개발 및 생산으로의 전환을 향한 전략적 단계로 평가됩니다. 이슬리의 보상 패키지에는 ESOP에 따라 400,000개의 제한 주식 단위와 500만 개의 다양한 조건을 갖춘 옵션, 그리고 고위 경영진 보조금 자격이 포함됩니다.
팬테온 리소스는 현재 알래스카 노스 슬로프에 위치한 코디악 및 아훈 유전을 개발 중이며, 파이프라인 및 운송 인프라 근처에 위치하고 있습니다. 회사는 이를 중요한 전환점으로 보고 있으며, 이러한 자원의 개발 및 생산을 가속화할 계획입니다.
Pantheon Resources (AIM:PANR) a nommé Max Easley en tant que Directeur Général, à compter du 28 février 2025, succédant à Jay Cheatham qui passera à un rôle de Directeur Non Exécutif. Easley, un natif de l'Alaska avec plus de 30 ans d'expérience dans l'industrie énergétique, apporte une vaste expertise acquise dans des rôles exécutifs chez BP, Apache et PETRONAS Canada.
Cette nomination marque une étape stratégique vers une éventuelle cotation de l'entreprise aux États-Unis et une transformation de l'exploration vers le développement et la production. Le package de compensation d'Easley comprend 400 000 Unités d'Actions Restreintes dans le cadre de l'ESOP, 5 millions d'options avec divers critères d'acquisition, et l'éligibilité à des subventions continues pour les hauts dirigeants.
Pantheon Resources développe actuellement les champs pétrolifères Kodiak et Ahpun sur la Côte Nord de l'Alaska, situés à proximité d'infrastructures de pipeline et de transport. L'entreprise considère cela comme un point de basculement critique, avec des plans pour accélérer le développement et la production de ces ressources.
Pantheon Resources (AIM:PANR) hat Max Easley zum Geschäftsführer ernannt, der am 28. Februar 2025 in Kraft tritt und Jay Cheatham nachfolgt, der in eine Rolle als nicht-executive Director wechselt. Easley, ein gebürtiger Alaskaner mit über 30 Jahren Erfahrung in der Energiebranche, bringt umfangreiche Expertise aus Führungspositionen bei BP, Apache und PETRONAS Kanada mit.
Die Ernennung markiert einen strategischen Schritt in Richtung einer möglichen US-Notierung des Unternehmens und der Transformation von Exploration zu Entwicklung und Produktion. Easleys Vergütungspaket umfasst 400.000 Restricted Stock Units im Rahmen des ESOP, 5 Millionen Optionen mit verschiedenen Vestigungsbedingungen und die Berechtigung für laufende Senior Executive-Zuschüsse.
Pantheon Resources entwickelt derzeit die Kodiak- und Ahpun-Ölfelder an der Nordküste Alaskas, die in der Nähe von Pipeline- und Transportinfrastruktur liegen. Das Unternehmen sieht dies als einen kritischen Wendepunkt an und plant, die Entwicklung und Produktion dieser Ressourcen zu beschleunigen.
- Strategic appointment of CEO with extensive North Slope and unconventional resource development experience
- Company positioning for US listing and transition from exploration to production phase
- Projects located near existing pipeline and transportation infrastructure
- None.
LONDON, UK / ACCESS Newswire / February 20, 2025 / Pantheon Resources plc (AIM:PANR) ("Pantheon" or the "Company"), the oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, is pleased to announce the appointment of accomplished energy executive, Max Easley, as Chief Executive Officer, succeeding Jay Cheatham. Mr. Easley will be appointed as a member of the Pantheon Board of Directors effective 28 February 2025, while Jay will continue to serve the Company as a Non-Executive Director for a period of handover to Max.
A native-born Alaskan, Max Easley brings over thirty years of experience as a highly respected energy executive, drawing on extensive domestic and international experience in the upstream industry. Over the course of his career, Max has held executive rolls at BP, Apache Corporation and PETRONAS Canada.
Max graduated from the University of Alaska in 1991 with a degree in Petroleum Engineering. Following his early days learning his trade as a petroleum engineer at Prudhoe Bay, he worked overseas for over a decade, primarily in the UK and Trinidad, in a variety of technical, financial and leadership roles before returning to Alaska as Senior Vice President of Resource Development for BP Alaska. Over the past decade, he has been a driving force in the capital efficient appraisal, development and production of unconventional resources both in the Permian Basin in Texas and the Montney in British Columbia.
The appointment of Mr. Easley is another key step in the development of the Board and governance in preparation for a possible US listing. The Company expects to evolve the Board further as it executes on this strategy.
David Hobbs, Executive Chairman of Pantheon Resources, commented: "We are delighted to welcome Max Easley as our new Chief Executive Officer and as a member of the Board of Directors. Pantheon will benefit from his more than 30 years of experience in the oil and natural gas industry, particularly his experience on Alaska's North Slope and successful Permian and Montney developments. This deep industry expertise, coupled with his strategic judgment and performance track record make him the ideal candidate to execute upon Pantheon's strategy. Under Max's leadership, the Company will be well positioned to shift from an exploration to a development and production company in short order.
"I also want to express my personal gratitude to Jay Cheatham, who was a key member of the search committee. Jay has been a well-respected colleague, friend and key to the Company's successes to-date. We would not be where we are but for his calm determination since he was appointed some 17 years ago. Jay embodies the maxim: 'Adversity does not build character; it reveals it.' Few could have shown more grit, and Jay hands over a Pantheon that is primed to deliver on what we consider the most exciting development programme anywhere in North America."
Max Easley, incoming Chief Executive Officer of Pantheon Resources, said: "I appreciate the confidence the Board of Directors has shown in selecting me to lead Pantheon at this critical inflection point in the Company's history. Jay and the team have done a fantastic job exploring, appraising and de-risking a material resource in a very advantaged location. I look forward to transitioning the company to development and production of these resources at pace for the benefit of both our shareholders, and the State of Alaska."
Further information on Max Easley's appointment:
As part of Mr. Easley's appointment, he will participate in the Company's share option scheme. In order to align himself with other executives and the wider interests of shareholders, Mr. Easley is expected to receive the following:
One off grant of 400,000 Restricted Stock Units under the Employee Share Ownership Plan ("ESOP") announced in October 2024
5 million options with various time based and operational vesting criteria
Be eligible for ongoing standard senior executive grants under the ESOP
The Company expects to grant these awards post the publication of its Interim Financial Results that will be released by the end of this quarter. An additional announcement, including further details of their terms, will be made once they are awarded.
The following details in relation to the appointment of Max Easley are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:
George ('Max') Washington Easley (aged 57) has not held any directorships and/or partnerships in the past five years.
There is no further information to be disclosed in relation to Max Easley's appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
-ENDS-
For further information, please contact:
UK Corporate and Investor Relations Contact
Pantheon Resources plc
Justin Hondris
+44 20 7484 5361
contact@pantheonresources.com
Nominated Adviser and Broker
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond
+44 20 7523 8000
Public Relations Contact
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld
+44 20 7138 3204
USA Investor Relations Contact
MZ Group
Lucas Zimmerman, Ian Scargill
+1 949 259 4987
PTHRF@mzgroup.us
About Pantheon Resources
Pantheon Resources plc is an AIM listed Oil & Gas company focused on developing its
Pantheon's stated objective is to demonstrate sustainable market recognition of a value of
A major differentiator to other ANS projects is the close proximity to existing roads and pipelines which offers a significant competitive advantage to Pantheon, allowing for shorter development timeframes, materially lower infrastructure costs and the ability to support the development with a significantly lower pre-cashflow funding requirement than is typical in Alaska. Furthermore, the low CO2 content of the associated gas allows export into the planned natural gas pipeline from the North Slope to Southcentral Alaska without significant pre-treatment.
The Company's project portfolio has been endorsed by world renowned experts. Netherland, Sewell & Associates estimate a 2C contingent recoverable resource in the Kodiak project that total 1,208 mmbbl (million barrels) of ANS crude and 5,396 bcf (billion cubic feet) of natural gas. Cawley Gillespie & Associates estimate 2C contingent recoverable resources for Ahpun's western topset horizons at 282 mmbbl of ANS crude and 803 bcf of natural gas. Lee Keeling & Associates estimated possible reserves and 2C contingent recoverable resources totalling 79 mmbbl of ANS crude and 424 bcf natural gas.
For more information visit www.pantheonresources.com.
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SOURCE: Pantheon Resources PLC
View the original press release on ACCESS Newswire
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