– UK, London – Pantheon Resources plc (LON: PANR), the oil and gas company with a 100% working interest in all of its oil projects spanning c. 193,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, today announced the election of David Hobbs as Chairman to become Executive Chairman, following the retirement of Phillip Gobe from the Board.
About David Hobbs
David Hobbs joined Pantheon’s Board in March 2023 to help to sharpen the Company’s strategic focus and improve communication with investors. As Executive Chairman, he will work with the existing management team to broaden the recognition of the value of the Company’s assets and to build on the organization’s operational, financial, and commercial capabilities.
About Pantheon Resources plc
Pantheon Resources plc is an AIM-listed Oil & Gas company focused on several large projects located on the North Slope of Alaska, the onshore USA where it has a 100% working interest in 193,000 highly prospective acres with potential for multi-billion barrels of oil recoverable. A major differentiator to other ANS projects is its 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 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.
Source: http://www.pantheonresources.com/
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