USA, North Slope Alaska Oil Appraisal and Development

Drilling by Pantheon/Great Bear Petroleum and adjoining operators has highlighted the significant prospectivity of Pantheon’s acreage, offering billions of barrels of oil and other marketable liquid potential in stacked conventional targets across multiple geological plays.

Netherland, Sewell & Associates has completed an independent review of the Kodiak field and provided best estimates of the oil and natural gas liquid (NGL) contingent resources expected to be recovered that total 962.5 million barrels. This validation in the form of an Independent Expert Report (IER) from one of the world’s most respected petroleum property analysis companies has instilled further confidence in management’s modelling of the resources.

Pantheon’s near-term focus is to prove the resource, reserve and commercial potential of its Ahpun project, where the Company believes a significant commercial resource has been discovered and successfully tested at Alkaid-2. Netherland, Sewell & Associates has been contracted to provide an independent assessment of recoverable resources at the Ahpun project which is expected to be completed during Q1 2024.