Pantheon Resources has unveiled the results of an Independent Expert Report by Cawley Gillespie & Associates, which confirms substantial resource estimates across several of the company’s fields. These findings include over 1.5 billion barrels of ANS Crude and 6.5 trillion cubic feet of associated gas, underscoring the potential for significant economic impact.
The report specifically highlights the Ahpun western topsets, located on the west side of the Dalton Highway, as an economically viable development. Even excluding potential market offtake for natural gas, the Ahpun topsets are estimated to contain 282 million barrels of contingent recoverable resources of ANS crude and 803 billion cubic feet of natural gas. These resources could play a crucial role in supporting the in-State phase of the Alaska LNG project, initially with Ahpun volumes and subsequently with resources from the Kodiak field.
Economic evaluations in the report, based on an ANS Crude price of $80 per barrel delivered to the US West Coast, estimate the net present value of the total contingent resources in the western topsets in the Ahpun field at $1.74 billion. This significant valuation underscores the potential economic benefits of developing these resources.
This report extends the independent assessments of all of Pantheon Resources' contingent resources that have been discovered, appraised, and are currently undergoing development approvals. The company is targeting a Final Investment Decision at the earliest possible date, subject to regulatory consents, with the aim of commencing production no later than 2028.
