Pantheon Resources PLC Appointment of Independent Non-Executive Director (4741S)
March 09 2023 - 7:17AM
UK Regulatory
TIDMPANR
RNS Number : 4741S
Pantheon Resources PLC
09 March 2023
9th March, 2023
Pantheon Resources plc
Appointment of Independent Non-Executive Director
Pantheon Resources plc ("Pantheon" or "the Company"), the
AIM-quoted oil and gas company with a 100% working interest in all
of its oil projects spanning c. 153,000 acres adjacent and near to
transportation and pipeline infrastructure on the Alaska North
Slope ("ANS"), is pleased to announce the appointment of David
Hobbs as an Independent Non-Executive Director, effective 21 March
2023.
David graduated as a Petroleum Engineer from Imperial College in
1984, initially working at British Gas as a drilling engineer
before moving into commercial and business development roles at
Monument Oil & Gas and Hardy Oil and Gas, two UK listed
international independent E&P companies. He joined Cambridge
Energy Research Associates (CERA), now part of S&P Global,
ending up as Chief Energy Strategist, advising Government
officials, senior executives and Boards of Directors across the
energy sector. He also spent six years as part of the leadership
team establishing the King Abdullah Petroleum Studies and Research
Center (KAPSARC) in Riyadh, Saudi Arabia. David is an adjunct
professor at the University of Calgary.
Phillip Gobe, Chairman, of Pantheon Resources, said: "We are
delighted to welcome David to the Board as an Independent
Non-Executive Director. David has a long-established career in
energy strategy, with a demonstrable record of driving success in
multiple jurisdictions. He brings a wealth of experience to the
team, and I look forward to having him work alongside us as we
continue working towards demonstrating the commerciality of our
portfolio of an estimated 17.8 billion barrels of oil in place, as
recently modelled by SLB Limited (formally known as
Schlumberger)."
Commenting on his appointment, David Hobbs said: "Having
followed the Pantheon story for a number of years, I am excited to
support the Company in refining its strategy to extract the maximum
value from its established resource base for shareholders'
benefit."
Further information in relation to the Director appointment
David Alan Hobbs (aged 59) has confirmed that, other than the
information disclosed below, there are no matters to be disclosed
under Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules.
As at the date of appointment, David Hobbs has a total
beneficial interest in 1,576,002 ordinary shares of Pantheon,
equating to approximately 0.2% of the issued share capital.
Previous Directorships
SV-Pleione Limited
Polar Energy LLC
-ENDS-
Further information, please contact:
Pantheon Resources plc +44 20 7484 5361
Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate
Development
Canaccord Genuity plc (Nominated Adviser
and broker)
Henry Fitzgerald-O'Connor, James Asensio,
Gordon Hamilton +44 20 7523 8000
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld +44 20 7138 3204
Notes to Editors
Pantheon Resources plc is an AIM listed Oil & Gas company
focused on several large projects located on the North Slope of
Alaska ("ANS"), onshore USA where it has a 100% working interest in
153,000 highly prospective acres with potential for multi billion
barrels of oil recoverable. A major differentiator to other ANS
projects is its close proximity to transport and pipeline
infrastructure which offers a significant competitive advantage to
Pantheon, allowing for materially lower capital costs and much
quicker development times. The Group's stated objective is to
create material value for its stakeholders through oil exploration,
appraisal and development activities in high impact, highly
prospective conventional assets, in the USA; a highly established
region for energy production with infrastructure, skilled personnel
and low sovereign risk. All operations are onshore USA, with
drilling costs materially below that of offshore wells.
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END
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