Pantheon Resources PLC Announces Appointment of Leading Investor Relations Advisor
Rhea-AI Summary
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.
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.
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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
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
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 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.
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SOURCE: Pantheon Resources PLC
View the original press release on accesswire.com