Business
Settlement of Lease Dispute
Settlement of Lease Dispute.
About this update from Pantheon Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6378R Pantheon Resources PLC 25 September 2017 \n\n \n25 September 2017\n \nPantheon Resources plc \nSettlement of Lease Dispute\n \n \n \nPantheon Resources plc (\"Pantheon\" or \"the Company\"), the AIM-quoted oil and gas exploration company with a working interest in several conventional projects in Tyler and Polk Counties, onshore East Texas, is pleased to confirm that the lease dispute with certain third parties as disclosed in Pantheon's announcement of 27 July 2017 has been settled on the terms disclosed therein. Accordingly, Pantheon's working interest in the units associated with the VOBM#1 and VOBM#2H wells has been reduced from 58% to 55.1%, after well payout. No cash or additional consideration was paid in relation to this settlement.\n \n \n \n \nFurther information:\n \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\nStifel Nicolaus Europe Limited (Nominated Adviser and broker)\n\n\n+44 20 7710 7600\n\n\n\n\nCallum Stewart\n\n\n\n\n\n\n\nAshton Clanfield\n\n\n\n\n\n\n\nNicholas Rhodes\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFTI Consulting\n\n\n+44 20 3727 1000\n\n\n\n\nEd Westropp \n\n\n\n\n\n\n\nJames Styles\n\n\n\n\n\n\n\n \n \nFor further information on Pantheon Resources plc, see the website at: www.pantheonresources.com \n \nThe information contained within this RNS is considered to be inside information prior to its release.\n \nNeither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCVZLFLDKFXBBZ\n ","length":5029,"tagName":"div"}]