Pantheon Resources PLC AGM update (5738T)
March 20 2023 - 12:45PM
UK Regulatory
TIDMPANR
RNS Number : 5738T
Pantheon Resources PLC
20 March 2023
20 March, 2023
Pantheon Resources plc
AGM update
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, confirms that the Annual General Meeting ("AGM") of the
Company held earlier today was adjourned by the Chairman of the AGM
in accordance with the Company's Articles of Association and with
the consent of the meeting.
The decision was taken because shareholders holding a
significant number of Pantheon shares have requested but not yet
received corporate representative letters from their nominees in
order to be able to vote at the AGM. The adjourned AGM will be held
at 2:00 pm GMT on Wednesday 22 March 2023 at the offices of
Shakespeare Martineau LLP, 6th Floor, 60 Gracechurch Street,
London, EC3V 0HR. The previously announced appointment of Mr David
Hobbs as independent non executive director will be effective
following the closure of the adjourned AGM on 22 March, 2023.
The investor presentation webinar and Q&A will proceed as
planned, at 5.30pm GMT today. Registration details are provided in
the attached announcement:
https://polaris.brighterir.com/public/pantheon_resources/news/rns/story/xle16gw
-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
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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