Business
Publication of Audited Financial Results
Publication of Audited Financial Results.
About this update from Pantheon Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4669Y Pantheon Resources PLC 02 January 2020 \n\n \n \n \n \n02 January, 2020\n \nPantheon Resources plc\n \nPublication of Audited Financial Results for the year ended 30 June 2019\n \nThe Directors of Pantheon Resources plc (\"Pantheon\" or \"the Company\") regret that the Company will be unable to publish its audited annual report and accounts for the year ended 30 June 2019 (the \"Accounts\") by 31 December 2019 as required by Rule 19 of the AIM Rules for Companies (the \"AIM Rules\"). \n \nThe delay has been caused by the technical complexities in the course of the audit which primarily relate to the accounting of the acquisitions of Great Bear and Vision. As part of this process a third-party report is required for the auditor to independently confirm the directors estimate of the oil in place and recoverable oil for the Alkaid/Phecda discovery project. While Pantheon expected to have received this report by now, it is now estimated to arrive in the third week of January. Accordingly, the directors believe that the financial results for the year ended 30 June 2019 will be published by the end of January 2020 and the directors are confident that when published the accounts will show the benefit to shareholders of the acquisitions.\n \nDealings in the Company's ordinary shares will be temporarily suspended under AIM Rule 40 with effect from 7.30a.m. on 2 January 2020, until such time as the Accounts have been duly published in compliance with AIM Rule 19.\n \nNotwithstanding the temporary suspension of trading in the Company's ordinary shares, the Company will continue to make announcements as and when there are any developments that require disclosure under the AIM Rules. Further announcements will be made as and when appropriate.\n \n-ENDS-\nFurther information:\n \n\n\n\nPantheon Resources plc\n\n\n+44 20 7484 5361\n\n\n\n\nJay Cheatham, CEO\n\n\n\n\n\n\n\nJustin Hondris, Director, Finance and Corporate Development\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nArden Partners plc (Nominated Adviser and broker)\n\n\n+44 20 7614 5900\n\n\n\n\nPaul Shackleton \nDaniel Gee-Summons \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBlytheweigh Financial PR & IR\n\n\n\n\n\n\n\nMegan Ray\n\n\n+44 20 7138 3204\n\n\n\n \nFor further information on Pa...