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Pantheon Resources PLC Announces Appointment of Leading Investor Relations Advisor

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Pantheon Resources has appointed MZ Group as its corporate & financial communications advisor to enhance its USA presence. MZ Group will lead strategic investor relations and financial communications, focusing on North America. The initiative includes coordinating non-deal roadshows and investment conferences across key USA cities, along with building brand awareness through financial and social media outlets. The company is developing the Kodiak and Ahpun oil fields in Alaska's North Slope, with plans to spud the Megrez-1 well. Pantheon aims to achieve market recognition of $5-10/bbl for its discovered contingent recoverable resource of approximately 1.6 billion barrels of marketable liquids by 2028.

Pantheon Resources ha nominato MZ Group come suo consulente per le comunicazioni aziendali e finanziarie per rafforzare la sua presenza negli Stati Uniti. MZ Group guiderà le relazioni strategiche con gli investitori e le comunicazioni finanziarie, concentrandosi sull'America del Nord. L'iniziativa include il coordinamento di roadshow non ufficiali e conferenze sugli investimenti nelle principali città degli Stati Uniti, insieme alla costruzione della consapevolezza del marchio attraverso i media finanziari e sociali. L'azienda sta sviluppando i campi petroliferi Kodiak e Ahpun nella North Slope dell'Alaska, con piani per perforare il pozzo Megrez-1. Pantheon mira a raggiungere un riconoscimento di mercato di $5-10/bbl per le sue risorse recuperabili contingenti scoperte di circa 1,6 miliardi di barili di liquidi commercializzabili entro il 2028.

Pantheon Resources ha nombrado a MZ Group como su asesor en comunicaciones corporativas y financieras para aumentar su presencia en EE.UU. MZ Group liderará las relaciones estratégicas con inversores y las comunicaciones financieras, centrándose en América del Norte. La iniciativa incluye la coordinación de roadshows sin compromisos y conferencias de inversión en ciudades clave de EE.UU., junto con la creación de conciencia de marca a través de medios financieros y redes sociales. La empresa está desarrollando los campos petroleros Kodiak y Ahpun en la North Slope de Alaska, con planes de perforar el pozo Megrez-1. Pantheon tiene como objetivo lograr un reconocimiento en el mercado de $5-10/bbl por su recurso recuperable contingente descubierto de aproximadamente 1.6 mil millones de barriles de líquidos comercializables para 2028.

팬테온 리소스(Pantheon Resources)는 미국 내 존재감을 강화하기 위해 MZ 그룹을 기업 및 금융 커뮤니케이션 어드바이저로 임명했습니다. MZ 그룹은 북미에 중점을 두고 전략적 투자자 관계 및 금융 커뮤니케이션을 이끌 것입니다. 이 계획은 미국 주요 도시에서 비딜 로드쇼 및 투자 컨퍼런스를 조정하고, 금융 및 소셜 미디어를 통해 브랜드 인지도를 높이는 것을 포함합니다. 이 회사는 알라스카 북부 경사(North Slope)에서 코디악(Kodiak) 및 아훈(Ahpun) 유전을 개발하고 있으며, 메가레스-1(Megrez-1) 우물을 시추할 계획입니다. 팬테온은 2028년까지 약 16억 배럴의 상업적 액체를 위한 발견된 잠재 회수 자원의 시장 인지도를 배럴당 $5-10로 달성하는 것을 목표로 하고 있습니다.

Pantheon Resources a nommé MZ Group comme conseiller en communication d'entreprise et financière pour renforcer sa présence aux États-Unis. MZ Group sera responsable des relations avec les investisseurs stratégiques et des communications financières, en mettant l'accent sur l'Amérique du Nord. L'initiative comprend la coordination de roadshows sans transaction et de conférences d'investissement dans les principales villes américaines, ainsi que la sensibilisation à la marque par le biais des médias financiers et sociaux. L'entreprise développe les champs pétroliers Kodiak et Ahpun dans la North Slope de l'Alaska, avec des plans pour forer le puits Megrez-1. Pantheon vise à atteindre une reconnaissance sur le marché de 5 à 10 $/bbl pour ses ressources récupérables contingentes découvertes d'environ 1,6 milliard de barils de liquides commercialisables d'ici 2028.

Pantheon Resources hat MZ Group als Berater für Unternehmens- und Finanzkommunikation beauftragt, um seine Präsenz in den USA zu verstärken. MZ Group wird strategische Investor Relations und Finanzkommunikation leiten, wobei der Fokus auf Nordamerika liegt. Die Initiative umfasst die Koordination von Non-Deal-Roadshows und Investitionskonferenzen in wichtigen US-Städten sowie den Aufbau von Markenbekanntheit durch finanzielle und soziale Medien. Das Unternehmen entwickelt die Ölfelder Kodiak und Ahpun an der Nordküste Alaskas und plant, den Megrez-1-Brunnen zu bohren. Pantheon strebt an, bis 2028 eine Markanerkennung von 5-10 $/bbl für seine entdeckten kontingenten Rückgewinnungsressourcen von etwa 1,6 Milliarden Barrel vermarktbaren Flüssigkeiten zu erreichen.

Positive
  • Company has 1.6 billion barrels of discovered contingent recoverable resources
  • Strategic location near pipeline and transportation infrastructure on Alaska's North Slope
  • Independent validation of resource base and development plans completed
Negative
  • None.

Pantheon Resources Engages Leading Investor Relations Advisor to aid Growth Capital Formation Initiatives

LONDON, UNITED KINGDOM / ACCESSWIRE / October 29, 2024 / Pantheon Resources plc (AIM:PANR) ("Pantheon" or the "Company"), an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope ("ANS"), today announced that is has appointed MZ Group ("MZ"), a corporate & financial communications advisor to upgrade its USA presence in line with its stated strategy.

MZ Group will lead a strategic investor relations and financial communications programme with a particular focus on North America. MZ Group is working closely with Pantheon management to develop and implement a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community. The MZ team is advising Pantheon regarding corporate and financial communications, including the coordination of non-deal roadshows and investment conferences across key USA cities and building brand awareness with financial and social media outlets.

David Hobbs, Executive Chairman of Pantheon Resources, commented: "Pantheon is now transitioning to an exciting new phase for the Company's development. With the step up in activity and the more solid underpinnings resulting from the independent validation of the resource base and development plans, it is the right time to accelerate Pantheon's marketing to USA stakeholders. Our near-term operational focus is progressing definition of our Ahpun project, including the soon to spud Megrez-1 well, to progress the regulatory approvals for field development. Our strategic target remains to achieve sustainable market recognition of $5-10/bbl for our discovered contingent recoverable resource of c. 1.6 billion barrels of marketable liquids by the end of 2028."

About MZ

MZ North America is the USA division of MZ Group, a global leader in investor relations with over 250 employees, 800 clients across 12 different exchanges. For over 25 years, MZ has implemented award winning programmes and developed a reputation for delivering tangible results for public and private companies via strategic communications, industry-leading investor outreach, public relations, a market intelligence desk, and a suite of technology solutions, spanning websites, conference call/webcasting, video production and XBRL/Edgar filing services. MZ maintains a global footprint with professionals located throughout every time zone in North America, as well as Taipei and São Paulo. For more information, please visit www.mzgroup.us.

For further information, please contact:

Corporate 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

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 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 trillion cubic feet (Tcf) of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.

Pantheon's stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028. This is based on bringing the Ahpun field forward to Final Investment Decision ("FID") and producing into the Trans-Alaska Pipeline System (TAPS) main oil line (ANS crude) by the end of 2028. The Gas Sales Precedent Agreement signed with the Alaska Gasline Development Corporation (AGDC) provides the potential for Pantheon's natural gas to be produced into the proposed 807 mile pipeline from the North Slope to Southcentral Alaska during 2029. Once the Company achieves financial self-sufficiency, it will apply the resultant cashflows to support the FID on the Kodiak field planned, subject to regulatory approvals, targeted by the end of 2028 or early 2029.

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 million barrels ("mmbbl") of ANS crude and 5,396 billion cubic feet ("bcf") 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.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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 the original press release on accesswire.com

FAQ

What is Pantheon Resources' (PTHRF) target market recognition per barrel by 2028?

Pantheon Resources aims to achieve market recognition of $5-10 per barrel for their discovered contingent recoverable resource by the end of 2028.

How many barrels of marketable liquids does Pantheon Resources (PTHRF) have in contingent recoverable resources?

Pantheon Resources has approximately 1.6 billion barrels of marketable liquids in discovered contingent recoverable resources.

Which investor relations firm did Pantheon Resources (PTHRF) appoint in October 2024?

Pantheon Resources appointed MZ Group as their corporate & financial communications advisor to upgrade their USA presence.

What are the main oil fields Pantheon Resources (PTHRF) is developing in Alaska?

Pantheon Resources is developing the Kodiak and Ahpun oil fields on Alaska's North Slope.

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