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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Pantheon Resources Plc    PANR   GB00B125SX82

PANTHEON RESOURCES PLC

(PANR)
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Pantheon Resources : Update on the forthcoming AGM and investor presentation

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03/19/2020 | 04:44am EDT

19th March 2020

Pantheon Resources plc

Update on the forthcoming AGM and investor presentation

Pantheon Resources plc ("Pantheon" or the "Company") is pleased to provide an update on its upcoming Annual General Meeting ("AGM") and shareholder presentation.

As advised previously, in light of emerging threat of Covid-19, the formal business of the AGM and shareholder presentation will be separated into two distinct events:

  • The formal AGM to consider and vote upon the various resolutions set out in the notice of meeting will go ahead as planned in London on Friday 20th March, 2020 at 3.30 pm GMT. In light of recent government guidance to minimise non-essential human interaction, and as suggested in the RNS dated 13th March, Pantheon has encouraged shareholders to consider voting on the resolutions by completing and submitting a proxy form, rather than attending the AGM in person. There will not be a shareholder presentation as part of the AGM and the Company will be represented by 2 Company personnel only. As outlined below, the shareholder presentation will be held via Webinar as a separate event on Monday, 23rd March 2020.
  • The investor presentation will take place on Monday 23rd March 2020 at 5pm GMT via a Webinar or conference call and is open to both existing shareholders and any interested parties. Please note the change in time for the Webinar. The starting time was amended to allow better access to the presentation for all stakeholders after the London Stock Exchange has finished trading for the day. We encourage as many shareholders as possible to access the Webinar by logging on at 5pm on Monday, 23rd March. A link to the Webinar presentation will be available on the Company website as soon as practicable after completion of the Webinar.

Investor Presentation

All shareholders and other interested parties looking to take part in the presentation will be able to access the Webinar shortly before 5pm, 23rd March via the link below:

https://www.bigmarker.com/share-talk/Pantheon-Resources-PLC-investor-presentation-and-Q-A- session

Please could attendees use the latest version of Chrome, Safari or Firefox for the best experience. Alternatively, you can download the IOS application for Big Marker or dial in to the USA or UK number using the following details:

Webinar ID: 1a32c3d5b3ce

Dial: USA (312) 248-9348

Dial: UK (0)1793 250421

Attendee Dial-in ID Number: 616708

Attendee Dial-in Passcode: 9527

Pantheon management will be answering shareholder questions at the end of the presentation. If you would like to submit a question in advance, please email: info@blytheweigh.comby the close of

business on Friday, 20th March. Please note, shareholders will not be able to verbally ask live questions during the Webinar, although the email address will be monitored for questions that arise.

Annual General Meeting

Notwithstanding Covid-19 related travel precautions and noting that there will be no shareholder presentation given at the AGM itself, the completion and return of a form of proxy does not preclude a member from attending in person at the meeting and voting should the member wish to do so. In order that any proxy votes of those members who choose to not attend and vote in person are fully reflected in the voting on the resolutions, the Chairman will direct that voting on all resolutions set out in the notice of meeting will take place by way of a poll. Under the Company's Articles, votes on a poll may be given personally, by a corporate representative or by Proxy. Every shareholder who is present in person or by a corporate representative or by Proxy shall have one vote for each share held by them. To repeat, and in the light of government advice, only London based officers of Pantheon will attend the AGM in person. International based directors nor its advisers will be in attendance to keep personnel movement to a minimum.

-ENDS-

Further information:

Pantheon Resources plc

+44 20 7484 5361

Jay Cheatham, CEO

Justin Hondris, Director, Finance and Corporate Development

Arden Partners plc (Nominated Adviser and broker)

+44 20 7614 5900

Paul Shackleton / Daniel Gee-Summons (Corporate Finance)

Aimee Kerslake (Equity Sales)

Blytheweigh

+44 20 7138 3204

Tim Blythe, Megan Ray

Notes to Editors

Pantheon Resources plc is an AIM listed Oil & Gas exploration and production company with assets in East Texas and on the North Slope of Alaska, onshore USA. 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 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 an order of magnitude below that of offshore wells.

On the North Slope of Alaska, Pantheon holds working interests of 90% and 100% in projects covering c.200,000 gross acres & covered by c.1,000 square miles of 3D seismic. In January 2020 the Company received an Independent Expert Report certifying a Contingent Resource of 76.5MMBO (million barrels of oil) on its Greater Alkaid project.

In East Texas, Pantheon has working interests in several conventional prospects in Tyler & Polk Counties, in an area of abundant regional infrastructure, and in proximity to the prized Double A Wells Field. Pantheon has the ability for this working interest position to increase to 100% should the minority partner not be in a position to meet its pro rata share of future drilling and operating costs.

For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com

The information contained within this RNS is considered to be inside information prior to its release. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

Disclaimer

Pantheon Resources plc published this content on 19 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2020 09:43:04 UTC

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Sales 2020 0,24 M 0,30 M 0,30 M
Net income 2020 - - -
Net cash 2020 3,45 M 4,34 M 4,34 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 83,1 M 104 M 105 M
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EV / Sales 2020 330x
Nbr of Employees 5
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Mean consensus BUY
Number of Analysts 1
Average target price 55,00 GBp
Last Close Price 16,53 GBp
Spread / Highest target 233%
Spread / Average Target 233%
Spread / Lowest Target 233%
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NameTitle
John Bishop Cheatham Chief Executive Officer & Executive Director
Phillip A. Gobe Non-Executive Chairman
Justin George Hondris Executive Director & Finance Director
Robert John Rosenthal Director & Technical Director
Jeremy Brest Non-Executive Director
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