Pantheon Resources plc, an oil company listed on AIM, maintains a full 100% working interest in about 193,000 acres of land strategically situated next to transport and pipeline infrastructure on Alaska's North Slope State Land.

About the Webinar

The PowerPoint presentation, to be shown during the webinar, will be available on Pantheon's website, www.pantheonresources.com. The recorded version of the webinar will also be uploaded to the company's website once it's available.

Strategy Rethink

Pantheon is eager to unveil its updated strategy aiming for steady market recognition with a potential value of $5 - $10 per barrel of recoverable resource by the end of 2028. The company's prior strategy was designed to validate adequate volumes to pique the interest of a prospective buyer or partner willing to pay a fair value for the assets and provide the majority of the development capital. The directors, however, believe that the market dynamics have shifted over recent years, necessitating a corresponding evolution in Pantheon's strategy. The company is now considering a spectrum of financing options, including debt, equity, and joint ventures, to prove its financial robustness in bringing its resources into production and to avoid complete dependence on a buyout to fully realize its asset value.

The realization of the company's objectives necessitates reaching Final Investment Decisions on the total recoverable contingent resource, which management estimates to be more than 2 billion barrels of marketable liquids. These resources will be exported to the Trans Alaska Pipeline System from the combined Kodiak and Ahpun fields.

свернуть