Pantheon Resources PLC (AIM:PANR, OTCQX:PTHRF) has hired an American investor relations firm as it seeks to woo prospective US shareholders ahead of the next wave of progress at the AIM-quoted firm’s Alaskan oil and gas assets.
It has appointed MZ Group to lead its investor relations efforts in the US. The aim is to bolster the company's engagement with the North American investment community.
MZ Group is expected to coordinate investor outreach, including non-deal roadshows and participation in key investment conferences.
"Pantheon is now transitioning to an exciting new phase for the company's development,” executive chair David Hobbs said in a statement.
“With the step up in activity and the more solid underpinnings resulting from the independent validation of the resource base and development plans, it is the right time to accelerate Pantheon's marketing to USA stakeholders.
“Our near-term operational focus is progressing definition of our Ahpun project, including the soon-spud Megrez-1 well, to progress the regulatory approvals for field development.”
Hobbs added: “Our strategic target remains to achieve sustainable market recognition of $5-10/bbl for our discovered contingent recoverable resource of around 1.6 billion barrels of marketable liquids by the end of 2028."