Pantheon Resources Plc (PTHRF)

[doinit]

7 Pantheon’s Strategic Plan in Summary1
Objective • Deliver sustainable market recognition of a value of $5 - $10 per barrel
of 1C/1P recoverable resources by end 2028
Goals
• Final Investment Decision (FID) on Ahpun (2025) and Kodiak (2028)
• Positive net operating cashflow to fund future development and
production growth by 2028
Infrastructure Requirements
to Achieve Financial Self-
Sufficiency (Planning Case)
• Up to 30 production & 10 injection wells from Alkaid & Phecda pads
• Post Alkaid-2 successful re-entry, requirement may be reduced
• 20,000 bpd marketable liquids processing capacity
• Hot tap into TAPS main oil line
Key Activity Update
vs Illustrative Timeline
• NSAI analyses ongoing. SLB development planning ongoing.
• December & March Bond payments in cash following $4.15m
placement to long term holders including Pantheon Chairman
• Signed lease on Houston office
• Beginning transition programme to become SOx compliant, ready for
US listing during 1H 2025