Pantheon Resources named David Hobbs as an independent non-executive director, effective 21 March 2023.
The AIM-quoted oil and gas company said Hobbs graduated as a petroleum engineer from Imperial College in 1984, initially starting his career as a drilling engineer at British Gas.
“David has a long-established career in energy strategy, with a demonstrable record of driving success in multiple jurisdictions,” said chairman Phillip Gobe.
Pantheon Resources is focused on several large projects on the North Slope of Alaska, onshore USA, where it has a 100% working interest in 153,000 "highly prospective" acres with "potential for multi-billion barrels of oil recoverable."
In particular, the group is excited about its Alkaid-2 resource, which it recently said has returned to test production and supports the case for commercial development of the project.
Pantheon believes its Alaskan interests stand out because of its close proximity to transport and pipeline infrastructure which offers it a competitive advantage by reducing capital costs and increasing development times.
As of the date of the appointment, Hobbs has a total beneficial interest in 1,576,002 ordinary shares of Pantheon, roughly 0.2% of the issued share capital.