– UK, London – Pantheon Resources plc (LON: PANR), the AIM-quoted oil and gas exploration company with working interests in several conventional project areas in Tyler and Polk Counties, onshore East Texas, as well as onshore North Slope of Alaska, today announced the appointment of Jeremy Brest as Non-Executive Director of Pantheon with immediate effect.
“We are delighted to announce that Jeremy will be joining the Board. Jeremy was nominated by Great Bear for the position of Non-Executive Director, and having now worked with him for well over a year it is clear to me that his commercial acumen, intelligence, work ethic and experience will benefit the Company greatly going forward,” said Jay Cheatham, CEO of Pantheon Resources.
About Jeremy Brest
Jeremy has more than 20 years’ experience in investment banking and financial advisory and is the founder of Framework Capital Solutions, a boutique Singapore-based advisory firm specializing in structuring and execution of private transactions. Prior to founding Framework, Jeremy was the head of structuring for Indonesia at Credit Suisse and a derivatives trader at Goldman Sachs.
Jeremy holds a JD/MBA from Stanford University and an AB in Mathematics from Swarthmore College.
About Pantheon Resources plc
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 the onshore USA, with drilling costs an order of magnitude below that of offshore wells.
In East Texas, Pantheon holds a 50% to 75% working interest 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.
In Alaska, following its acquisition of the assets of Great Bear Petroleum in January 2019, Pantheon holds working interests ranging between 75% and 90% of prospects covered by circa 1,000 square miles of 3D seismic which have a potential P50 Technically Recoverable Resources estimated at over 1.2 billion barrels of oil.
For more information: http://www.pantheonresources.com
- Disclaimer - News, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.
