Pantheon Resources PLC Announces Board Update
Rhea-AI Summary
Pantheon Resources, an AIM-quoted oil and gas exploration company with 100% working interests in projects near transportation and pipeline infrastructure on the Alaska North Slope, has announced key board changes. Max Easley's appointment as CEO has been expedited and became effective February 21, 2024.
Additionally, David Hobbs, the current Executive Chairman, has indicated his intention to transition back to a Non-Executive Chairman role once Mr. Easley is well established as CEO. This move is part of the company's evolving corporate governance structure.
Positive
- Accelerated appointment of new CEO strengthens leadership structure
- Planned transition to Non-Executive Chairman role indicates improved corporate governance
Negative
- None.
News Market Reaction – PTHRF
On the day this news was published, PTHRF gained 0.86%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UNITED KINGDOM / ACCESS Newswire / February 24, 2025 / Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas exploration company with
Board Update
Further to the announcement of 20 February 2024, the Company is pleased to confirm that Max Easley's appointment has been brought forward and was effective as of 21 February 2024. In conjunction with Mr Easley's appointment, David Hobbs, the Executive Chairman, has indicated that, he will be seeking to migrate his role back to Non-Executive Chairman as part of the evolution of the Company's corporate governance once Mr Easley is well established in his role as CEO.
Further information:
UK Corporate and Investor Relations Contact
Pantheon Resources plc
Justin Hondris
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
IMPORTANT INFORMATION
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