PANR Pantheon Resources Plc

TIDMPANR

RNS Number : 6378R

Pantheon Resources PLC

25 September 2017

25 September 2017

Pantheon Resources plc

Settlement of Lease Dispute

Pantheon 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.

Further information:

 
                                              +44 20 7484 
 Pantheon Resources plc                        5361 
 Jay Cheatham, CEO 
 Justin Hondris, Director, Finance 
  and Corporate Development 
 
 Stifel Nicolaus Europe Limited (Nominated    +44 20 7710 
  Adviser and broker)                          7600 
 Callum Stewart 
 Ashton Clanfield 
 Nicholas Rhodes 
 
                                              +44 20 3727 
 FTI Consulting                                1000 
 Ed Westropp 
 James Styles 
 

For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com

The information contained within this RNS is considered to be inside information prior to its release.

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 25, 2017 02:01 ET (06:01 GMT)

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