MZ Group to Lead US Investor Relations for Pantheon Resources’ Alaskan Oil Projects

October 29, 2024 08:50 PM AEDT | By Team Kalkine Media
 MZ Group to Lead US Investor Relations for Pantheon Resources’ Alaskan Oil Projects
Image source: Shutterstock

Highlights:

  • Pantheon Resources appoints MZ Group to boost US investor engagement.
  • Company prepares for increased activity in Alaskan oil and gas projects.
  • Strategic goal is to achieve market recognition of $5-10 per barrel by 2028 for its 1.6 billion-barrel resource.

Pantheon Resources PLC (LSE:PANR) has taken a significant step toward attracting US-based investors as it gears up for expanded activities in its Alaskan oil and gas assets. The company has appointed MZ Group, an American investor relations firm, to lead outreach initiatives aimed at enhancing engagement with North American stakeholders.

MZ Group will focus on driving investor relations through a variety of outreach efforts, including non-deal roadshows and attendance at key investment conferences. This initiative is part of a broader strategy to raise Pantheon’s profile among prospective US investors as the company transitions into an intensive development phase.

According to Pantheon’s executive chair, David Hobbs, this move comes at an opportune time as the company lays the groundwork for advancing its Alaskan projects. “Pantheon is now transitioning to an exciting new phase for the company’s development,” Hobbs stated, emphasizing that recent validation of the resource base and refined development plans underscore the importance of increasing US market visibility.

The company’s immediate focus lies in progressing the Ahpun project, with plans to initiate drilling at the Megrez-1 well in the near future. This is a key step in advancing regulatory approvals for full-scale field development in Alaska, where Pantheon holds substantial oil and gas resources. Hobbs noted that the company’s ongoing activities are building on a solid foundation of independently validated resource estimates and structured development plans.

Pantheon’s broader strategic goal is to reach sustainable market valuation benchmarks of $5-10 per barrel for its estimated 1.6 billion barrels of recoverable liquids by 2028. To achieve this target, the company is accelerating operational progress while strengthening investor relations efforts. The appointment of MZ Group underscores the importance of North American stakeholders in Pantheon’s long-term growth strategy, with a focus on creating sustainable value for both new and existing shareholders.

As Pantheon progresses in Alaska, it aims to tap into the expansive North American investment community, building on a foundation of validated resources and a clear development roadmap. This initiative signals Pantheon’s ambition to align its growth trajectory with the interests of a global investor base, positioning itself to capitalize on the evolving energy landscape. With MZ Group leading the charge in investor relations, Pantheon looks to establish itself as a notable player in the US market as it advances its Alaskan assets.


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