Pantheon Resources Plc · LSE:PANR
Pantheon Resources — Investor Presentation (September 2026)
19 slides from Pantheon Resources's investor presentation, Sep 14, 2026
Slide 1: Investor Presentation September 2026
AIM: PANR | OTCOX: PTHRE 3 _—a
Slide 2: Today's Agenda
Today’s Agenda Monday, September 14, 2026 Today’s Speakers Michael Spencer Chairman • Chairman’s Message • Alaska Context Max Easley • Kodiak Prize - Seismic Reprocessing Chief Executive Officer • Farm-out Update • Mid-year Results Erich Krumanocker • Question & Answer Session Chief Development Offi
Slide 3: Disclaimer
Disclaimer This document, together with any oral briefing which accompanies it, (the “Presentation”) is being issued solely by Pantheon Resources Plc (the “Company”). The Presentation is being supplied to you solely for information purposes. The Presentation does not constitute or form part of, and
Slide 4: Chairman's Message
Chairman’s Message Disciplined Creation of Shareholder Value Michael Spencer Chairman |4
Slide 5: Alaska Context
Alaska Context 2026 - Back on the Map Max Easley Chief Executive Officer |5
Slide 6: Alaska Context: 2026 - Back on the Map
Alaska Context 2026 - Back on the Map Record Setting NPRA-A Pikka Start-up(3) Lease Sale(1) Alaska LNG Project Approaching FID(2) (1) https://www.blm.gov (2) https://agdc.us/ (3) https://drillingcontractor.org |6
Slide 7: Seismic Reprocessing
Seismic Reprocessing Illuminating the Kodiak Prize and Beyond Erich Krumanocker Chief Development Officer |7
Slide 8: New Seismic
New Seismic Illuminating the Kodiak Asset Prize and Beyond • Project commenced February 2026, now fully in hand on schedule and budget • Higher resolution and quality than previous data • Very clear image of target reservoir and additional prospects above and below • Amplitude vs Offset (AVO) Analys
Slide 9: Pantheon Contingent Resources Growth
Pantheon Contingent Resources Growth Possible 2C resource adds based on seismic results and up-dip Kodiak well results 4000 Alkaid Kodiak Acreage Dubhe-1 2026 Follow-on Appraisal Discovery Discovery acquisition Results Seismic Drilling (possible) Well (2022) (est)(1) Resources (millions of barrels)
Slide 10: The Kodiak Prize
The Kodiak Prize Appraising the largest worldwide onshore discovery of 2022 W Commentary Future Well Theta West -1 Talitha- A Pipeline St #1 ~4-7 Miles 10.5 Miles 4.4 Miles Field covers 200,000 acres Theta West-1 discovery well- 955 feet thick and high net to gross Observed increasing reservoi
Slide 11: Significant Improvement of Reservoir Image
Significant Improvement of Reservoir Image Up-dip Kodiak Area Seismic Before and After NE Theta West-1 SW NE Theta West-1 SW | 11
Slide 12: Recent Seismic Reprocessing of Kodiak
Recent Seismic Reprocessing of Kodiak AVO Lithology Consistent with Kodiak Up-dip Presence in Reprocessed Seismic 2016 Future Well Shale Hydrocarbon filled reservoir | 12
Slide 13: Recent Seismic Reprocessing of Kodiak
Recent Seismic Reprocessing of Kodiak AVO Lithology Consistent with Kodiak Up-dip Presence in Reprocessed Seismic 2026 Future Well Shale Hydrocarbon filled reservoir | 13
Slide 14: Recent Seismic Reprocessing of Kodiak
Recent Seismic Reprocessing of Kodiak AVO Lithology Consist with Kodiak Up-dip Presence in Reprocessed Seismic 2016 2026 Shale Hydrocarbon filled reservoir | 14
Slide 15: Farm-Out Update
Farm-Out Update Selecting the Right Partner Max Easley Chief Executive Officer | 15
Slide 16: Farm-Out Update
Farm-Out Update • High degree of industry interest from major, intermediate and independent energy companies, as well as financial investors, and the process continues at pace Imminent delivery of seismic reprocessing results led to a dynamic process timeline, as many counterparties had been antic
Slide 17: Interim Results
Interim Results Financial Prudence Tralisa Maraj Chief Financial Officer | 17
Slide 18: Interim Results: Financial Prudence
Interim Results Financial Prudence • Interim results in line with expectations • Operating loss $6.1m vs $7.9 m in 1H 2025 • Administrative expenses reduced by 22% vs 1H 2025 • As per prior guidance, no field activity thus far in 1H 2026, minimal maintenance cost • Cash runway expected through year-
Slide 19: Question & Answer Session
Ursa Major The Great Bear Question & Answer Session
Pantheon Resources — Investor Presentation (September 2026) on 6ix