AIM-listed Pantheon Resources, the oil and gas company with a 100% working interest in the Kodiak and Ahpun projects, covered by 193,000 acres of leases with an additional c. 66,000 acres to be awarded following successful bids in the December 2023 lease sales, all in close proximity to pipeline and transportation infrastructure on Alaska\'s North Slope, has provided an update on its development planning and funding initiatives.Ahpun Development PlanningKodiak and Eastern Extension of Ahpun: Appraisal PlanningFunding ArrangementsThe Company will host an Investor Meet Company webinar to discuss the status of development and appraisal planning on 10 April 2024 at 17:00 BST. Participants can register via the following link:https://www.investormeetcompany.com/pantheon-resources-plc/register-investor.Anyone following Pantheon Resources PLC with Investor Meet Company will automatically receive a notification.The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 09 Apr 2024, 09:00 BST, or at any time during the live presentation.David Hobbs, Executive Chairman of Pantheon Resources, commented:\'We have made considerable progress during the past several months towards accessing funding on the least dilutive basis possible. The competitive advantage of our location and gas composition, which could potentially provide gas for in-State use through Alaska LNG, should allow Pantheon to capture the benefit of reduced numbers (and CapEx) of gas reinjection wells along with a path to low-cost commercialisation of the helium potential now identified in the Kodiak field.\'The updated Independent Expert Report from NSAI on our 100% owned Kodiak project and the two Independent Expert Reports from CGA and LKA have shortened the timeframe for potential partners to fast-track their technical and commercial due diligence to meet our target of concluding non-equity funding arrangements by the end of Q2 2024. These will be released, along with SLB\'s dynamic modelling results, when they are received in the next few weeks. We will delay completion of NSAI\'s assessment of Ahpun from its original timetable to incorporate the results of planned further drilling in the Topsets (previously referred to as SMD) and to support the FID for the overall Ahpun Development.\'Frank Richards, President of AGDC, commented:\'Alaska is facing an energy crisis, and AGDC is exploring every option to deliver a new, affordable, reliable, and long-term energy supply. This proposed agreement provides for more than enough gas to meet Alaska\'s in-state energy requirements, this gas features very low carbon dioxide content eliminating the need for additional treatment costs, and Pantheon\'s fields are conveniently situated directly along the Alaska LNG pipeline route. We look forward to working with Pantheon to finalize these agreements as we advance Alaska LNG.\'Original announcement linkSource: Pantheon Resources