Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has announced the appointment of Allegra Hosford Scheirer, a scientist at Stanford University in California for 15 years, as an independent non-executive director of the company with immediate effect.
Hosford Scheirer is an internationally recognised expert in petroleum system analysis, having deployed basin modelling, organic geochemistry, geophysical techniques and machine learning to evaluate numerous oil and gas provinces throughout the world, including the Alaska North Slope. She graduated with a PhD in marine geology and geophysics from the Massachusetts Institute of Technology and subsequently worked with the Energy Resources Program at the US Geological Survey (USGS).
In a statement, David Hobbs, executive chairman of Pantheon Resources, commented: "We are delighted to welcome Allegra to the board as an independent non-executive director. She brings a deep knowledge of the Alaskan North Slope Super Basin and a keen understanding of what it takes to transition from exploration to exploitation.
"We have shared our strategic plan with Allegra and have benefitted from her input during the process. Her appointment marks the first step of many in our programme to deliver a sustainable market recognition of $5 - $10 per barrel of recoverable resource by 2028."
Hosford Scheirer added: "I am very familiar with the technical programme being prosecuted by Pantheon, having previously worked closely with Great Bear Petroleum as an independent adviser and for the USGS. Pantheon has embarked on a strategy that promises to deliver value to shareholders over the coming months and years and I am excited to have the opportunity to contribute to the successful governance and implementation of the programme."
Pantheon Resources is an AIM-quoted oil and gas company with a 100% working interest in all of its oil projects spanning around 193,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope.