Pantheon Resources PLC Announces New Executive Team Appointments
LONDON, UK / ACCESS Newswire / June 9, 2025 / Pantheon Resources plc (AIM:PANR) ('Pantheon' or the 'Company'), an oil and gas company developing the Kodiak and Ahpun oil fields in close proximity to pipeline and transportation infrastructure on Alaska's North Slope, is pleased to announce the following appointments to the Executive Team to complete the next phase of its strategic plan-transitioning to development and production and listing on a senior US exchange.
Appointment of Tralisa Maraj as Chief Financial Officer
Tralisa Maraj has been appointed Chief Financial Officer ('CFO'), succeeding Phil Patman. Tralisa's appointment will be effective 14 July, 2025.
In her role as CFO, Tralisa will lead the Finance Team to complete the transformation of Pantheon from a pre-revenue AIM-listed enterprise to a material Alaska North Slope producer listed on a senior U.S. exchange. She brings with her more than 25 years of experience, including having previously been the CFO of two publicly listed companies.
Tralisa's career began at Price Waterhouse Coopers in Trinidad. Having established herself as a Finance Executive, she became corporate controller at Remora Oil and Gas, followed by her appointment as CFO for Canadian-listed CGX Energy, and most recently, as CFO of the US-listed LiveWire Group Inc.
Tralisa is a chartered accountant (UK) and licensed CPA in Texas.
Appointment of Erich Krumanocker as Chief Development Officer
Erich Krumanocker has been appointed Chief Development Officer ('CDO'), succeeding Bob Rosenthal, to spearhead the Company's subsurface technical leadership. Bob has indicated his desire to step down from the Board of Directors and retire from the Company at the conclusion of the Company's upcoming board meeting on 13 June, 2025.
In his role as CDO, Erich will manage the transition of projects from exploration and appraisal through to development and production. Erich brings with him over 25 years of global experience in driving development, operations and project execution at scale across multiple continents.
Erich's career originated as a Petroleum Engineer with BP plc on the North Slope of Alaska, with vast experience in the North Sea, Azerbaijan and the U.S., with his BP career culminating as a VP of Production and Operations. Erich joins Pantheon most recently from Microsoft, where he served as a Partner leading digital transformation across the manufacturing and energy sectors.
Max Easley, Chief Executive Officer, commented: 'We are delighted to welcome Tralisa and Erich to the Pantheon Executive Team. They will be key in enacting our pivot from a world-class exploration and appraisal team to an equally successful development and operations team. Pantheon will benefit from a combined 50 years of international experience between the two. I also want to thank Phil Patman for his efforts in delivering a strong financial platform for growth through this transition and an ultimate US listing.'
David Hobbs, Pantheon's Chairman, added: 'I would like to add my welcome to Tralisa and Erich. In addition, I also want to express my personal gratitude to Bob Rosenthal, who has been a key member of the leadership of the Company. He was a founder of Pantheon some 20 years ago, then became a founder of Great Bear a few years later. Bob returned to Pantheon 7 years ago to help with the acquisition of Great Bear and then lead the technical team through the journey of discovering and appraising the Ahpun and Kodiak fields to demonstrate the potential for resources that are now independently certified at some 1.6 billion barrels of ANS Crude and 6.6 tcf of natural gas. His leadership has helped position the Company to be a significant part of Alaska's energy future.'
Further information on these appointments:
As part of these appointments, and to align with other executives and the wider interests of shareholders, the new executives will receive the following:
The Company expects to grant these awards as soon as administratively and regulatorily practicable. An additional announcement, including further details of their terms, will be made once they are awarded.
As is common with US-based businesses, it is not anticipated that the CFO or CDO role will be a Board position.
The following details in relation to the appointment of Tralisa Maraj are disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:
Tralisa Sita Maraj (aged 50) has held the following directorships and/or partnerships in the past five years:
There is no further information to be disclosed in relation to the appointment of Tralisa Maraj pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
-ENDS-
For further information, please contact:
UK Corporate and Investor Relations Contact
Pantheon Resources plc
Justin Hondris
+44 20 7484 5361
[email protected]
Nominated Adviser and Broker
Canaccord Genuity Limited
Henry Fitzgerald-O'Connor, James Asensio, Charlie Hammond
+44 20 7523 8000
Public Relations Contact
BlytheRay
Tim Blythe, Megan Ray, Matthew Bowld
+44 20 7138 3204
USA Investor Relations Contact
MZ Group
Lucas Zimmerman, Ian Scargill
+1 949 259 4987
[email protected]
About Pantheon Resources
Pantheon Resources plc is an AIM-listed Oil & Gas company focused on developing its 100% owned Ahpun and Kodiak fields located on State of Alaska land on the North Slope, onshore USA. Independently certified best estimate contingent recoverable resources attributable to these projects currently total c. 1.6 billion barrels of ANS crude and 6.6 Tcf (trillion cubic feet) of associated natural gas. The Company owns 100% working interest in c. 259,000 acres.
Pantheon's stated objective is to demonstrate sustainable market recognition of a value of $5-$10/bbl of recoverable resources by end 2028. This is based on bringing the Ahpun field forward to FID and producing into the TAPS main oil line (ANS crude) by the end of 2028. The Gas Sales Precedent Agreement signed with AGDC (Alaska Gasline Development Corporation) provides the potential for Pantheon's natural gas to be produced into the proposed 807-mile pipeline from the North Slope to Southcentral Alaska during 2029. Once the Company achieves financial self-sufficiency, it will apply the resultant cashflows to support the FID on the Kodiak field planned, subject to regulatory approvals, targeted by the end of 2028 or early 2029.
A major differentiator to other ANS projects is the close proximity to existing roads and pipelines which offers a significant competitive advantage to Pantheon, allowing for shorter development timeframes, materially lower infrastructure costs and the ability to support the development with a significantly lower pre-cashflow funding requirement than is typical in Alaska. Furthermore, the low CO2 content of the associated gas allows export into the planned natural gas pipeline from the North Slope to Southcentral Alaska without significant pre-treatment.
The Company's project portfolio has been endorsed by world-renowned experts. Netherland, Sewell & Associates estimate a 2C contingent recoverable resource in the Kodiak project that total 1,208 mmbbl (million barrels) of ANS crude and 5,396 bcf (billion cubic feet) of natural gas. Cawley Gillespie & Associates estimate 2C contingent recoverable resources for Ahpun's western topset horizons at 282 mmbbl of ANS crude and 803 bcf of natural gas. Lee Keeling & Associates estimated possible reserves and 2C contingent recoverable resources totalling 79 mmbbl of ANS crude and 424 bcf natural gas.
For more information visit www.pantheonresources.com.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
SOURCE: Pantheon Resources PLC
press release
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
13 minutes ago
- Yahoo
MarketsandMarkets' 360Quadrants Recognizes Top Startups and SMEs in the Urban Air Mobility Quadrant Report 2025
DELRAY BEACH, Fla., June 10, 2025 /PRNewswire/ -- 360Quadrants has released its latest Urban Air Mobility Startups/SMEs Companies Assessment, 2025, recognizing key players, including both global giants and emerging innovators, for their excellence in market presence, product innovation, and business strategy. The report highlights ARC Aero Systems, Urban Aeronautics, Ascendance Flight Technologies, and AIR VEV Ltd., among the top companies, are actively shaping the future of the Urban Air Mobility Startups/SMEs Companies Assessment. The evaluation leverages 360Quadrants' proprietary methodology to map competitive positioning across 7,000+ micro markets within 10+ industries, enabling decision-makers to make strategic, data-backed vendor choices. Company Highlights in the Urban Air Mobility Startups/SMEs Companies Assessment: Arc Aero Systems, a UK-based technology company, specializes in the development of advanced civil aircraft with vertical take-off and landing (VTOL) capabilities, aiming to revolutionize urban air mobility (UAM). Committed to creating sustainable and efficient air transportation for urban and regional areas, the company offers a range of innovative aircraft, including the Pegasus, Linx P3, and Linx P9. Arc Aero Systems is driven by a mission to minimize the environmental footprint of air travel through hybrid propulsion technologies. Urban Aeronautics envisions transforming urban mobility through the application of cutting-edge aerospace technologies to develop vertical take-off and landing (VTOL) aircraft tailored for complex city environments. By offering a practical and efficient alternative to conventional transportation, the company seeks to redefine how people and critical services move within urban areas. Urban Aeronautics also operates through its wholly owned subsidiary, Tactical Robotics, which leads the development of the Cormorant project. This autonomous VTOL aircraft is designed for combat cargo delivery and medical evacuation missions, sharing technological commonalities with the CityHawk. Together, these innovations reflect the company's commitment to revolutionizing urban transport and emergency response with safe, sustainable, and advanced VTOL solutions. Ascendance Flight Technologies is committed to advancing sustainable aviation through the development of hybrid-electric propulsion systems. The company's flagship aircraft, the Atea, is a vertical take-off and landing (VTOL) vehicle designed as a cleaner, quieter, and more efficient alternative to conventional helicopters. Central to Atea's performance is Ascendance's proprietary Sterna hybrid-electric propulsion system, which significantly reduces noise and emissions while extending operational range and efficiency. The company operates across two primary business areas: Aircraft Manufacturing and Propulsion Technology. In aircraft manufacturing, the Atea stands out as a versatile and eco-friendly VTOL aircraft tailored for urban mobility and short regional travel, offering a quieter and safer transport option well-suited to dense urban settings. To explore the full quadrant report and see how companies are positioned in the Urban Air Mobility Startups/SMEs Companies Assessment, 2025, Visit: Evaluation Criteria The vendor evaluation was conducted on over 100 companies, of which the top 11 were categorized and recognized as quadrant leaders. Factors such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Urban Air Mobility Startups/Small-Medium Businesses Companies Assessment quadrant. The top criteria for product footprint evaluation included Solution (Infrastructure and platform), Platform architecture (Rotary-wing, fixed-wing hybrid, and fixed-wing), and Mobility Type (Air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, and air ambulances & medical emergency vehicles), Mode of Operation (Piloted and autonomous) and Range(intercity (>100 km) and intracity (<100 km)). 360 Quadrants Scoring Methodology 360 Quadrants employs a comprehensive and transparent scoring methodology to evaluate companies. It identifies relevant evaluation criteria, collects and validates data from multiple sources, and employs an algorithm that considers parameter weights to generate scores. Normalization ensures fair comparisons, and the aggregated scores categorize solutions into quadrants such as Progressive companies, Responsive companies, Dynamic companies, and Starting blocks. This unbiased approach equips users with accurate information, empowering them to make well-informed decisions and select solutions that best suit their needs and objectives. Download Free Sample @ About 360Quadrants 360Quadrants, a specialized division of MarketsandMarkets™, delivers comprehensive quadrant analyses for various emerging technologies and markets, including start-ups. Our evaluation methodology hinges on two critical parameters: market presence and product footprint. This approach facilitates a graphical representation of competitive positioning across four key categories: leaders, contenders, innovators, and emerging companies. In addition, we meticulously classify start-ups into progressive companies, responsive companies, dynamic companies, and starting blocks. Our expertise equips organizations with insights into market leaders across over 6000 micro markets, enabling a detailed comparison of vendor capabilities and performance. At 360Quadrants, we ensure that each quadrant adheres to the highest standards, empowering our clients to navigate complex market dynamics precisely and confidently. 360Quadrants has also launched quadrants in fields such as – Drone Detection Startups/SMEs Companies Assessment, 2025, and Drone Communication Startups/SMEs Companies Assessment, 2025. About MarketsandMarkets MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit or follow us on Twitter, LinkedIn and Facebook. Contact:Ms. Sipti Banga,630 Dundee Road, Suite 430Northbrook, IL 60062USA: +1-888-600-6441Email: Logo: View original content: SOURCE MarketsandMarkets


Forbes
23 minutes ago
- Forbes
London Assembly Members Tell Mayor To Oppose Car Bloat
Old Mini next to new Mini. A majority of Members of the London Assembly—the 25-member elected body that scrutinizes the work of the London Mayor—voted on June 5 to oppose 'carspreading,' the phenonomen of automobiles becoming wider, heavier and taller. This car bloat, also known as 'autobesity,' damages London's roads, said the London Assembly motion, causing congestion, and putting pedestrians, cyclists and other drivers at greater risk of death and serious injury. Cars are getting bigger by an average of 1 centimeter every two years, with many new cars now too large for U.K. minimum parking spaces. Elly Baker AM, who proposed the motion, said: 'London's streets weren't designed for larger vehicles like SUVs, which now make up a third of all cars on the road. Their greater size, weight, and higher [hoods] put vulnerable road users at greater risk, reduce available parking spaces, and cause more wear and tear on our roads.' She added: 'It's time we took sensible steps to manage the impact of oversized cars and ensure our streets remain safe and accessible for everyone.' The vote was won by 14 votes against eight. The motion states that the 'consequences of surging vehicle size undermine goals for road safety, air quality and put outsized pressure on public finances.' The Assembly now calls on the Mayor to write to the Department for Transport asking that they update vehicle regulations to introduce tighter limits on passenger vehicle size and hood height. The Mayor is further urged to write to HM Treasury asking for a progressive tax on passenger vehicle weight via Vehicle Excise Duty. The Assembly is also calling for London Councils to explore the feasibility of boroughs charging higher parking charges to SUVs to account for pressure they put on road space and local parking spaces. In a referendum last year, the citizens of Paris voted to triple parking fees for SUVs. Today's BMW-built Mini is much wider than the British Motor Corporation's 1959 original, and is also taller and longer. Other famous car models—such as the VW Beetle and the Ford Fiesta—have also increased markedly in size and weight. Modern cars are larger partly because of airbags, crumple zones and air conditioning units, but also because consumers prefer larger motor vehicles—hence the success of SUVs. The motor vehicle 'arms race' has led to calls from motorists for road lanes to be widened and parking spaces to be enlarged. Roads in most British cities are becoming more and more choked as wider motor cars struggle to squeeze past each other. There's an epidemic of pedestrian-unfriendly 'pavement parking'—wheels half up on the sidewalk—and tempers fray when wing mirrors are bashed as porkier cars pass each other. Research from Transport & Environment (T&E) in 2022 found that 'autobesity'—car bloat—is real, with many cars getting too big for British roads, exceeding the 180 centimeter minimum for on-street parking. More than half of new cars sold in 2023 were too wide for the minimum specified on-street parking space in major U.K. cities. Off-street parking is now a tight squeeze even for the average new car, while large luxury SUVs often make it impossible. Fatter cars are heavier cars. And heavier cars cause more highway damage. Richard Hebditch, UK Director for T&E UK, said: 'The trend of cars getting wider has been progressing for decades and that trend will continue until the U.K. sets stricter limits. Currently we allow new cars to be as wide as trucks. This has meant our roads are now home to big SUVs and American style pick-up trucks that are parking on our footpaths, endangering pedestrians and cyclists and making everyone else on our roads less safe.'


Associated Press
25 minutes ago
- Associated Press
UK announces $19 billion investment in first major nuclear plant since the 1990s
LONDON (AP) — Britain will invest 14.2 billion pounds ($19 billion) to build a new nuclear station that will reduce the U.K.'s reliance on volatile international fossil fuel markets, the government said Tuesday. Officials said the investment will go into building the new Sizewell C nuclear power plant in Suffolk, on England's eastern coast, saying it will generate enough low-carbon electricity to power 6 million homes when it becomes operational in the 2030s. Prime Minister Keir Starmer said previous governments had dithered and delayed over nuclear power. No new nuclear plant has been opened in the U.K. since Sizewell B in 1995. 'Having our own energy in this country that we control, gives us security, gives us independence, so (Russian President Vladimir) Putin can't put his boot on our throat,' Starmer said. 'And it means that we can control the prices in a way that we haven't been able to in recent years, which has meant very high prices for businesses, for households and for families.' The government also announced that Rolls-Royce is the preferred bidder to develop a number of small modular reactors, which it said can power around 3 million homes and help fuel power-hungry industries like AI data centers. The Treasury said building Sizewell C will create 10,000 jobs. The investment announced Tuesday is in addition to 3.7 billion pounds the U.K. government already committed to the project. Nuclear power is seen as an increasingly important electricity source as the government seeks to decarbonize Britain's electricity grid by 2030, replacing fossil fuels with low-carbon power. The U.K. also wants to reduce its dependence on imported oil and gas, especially in light of soaring energy prices following Russia's invasion of Ukraine. But critics have said nuclear plants are far more expensive and slow to build compared with renewable energy options such as solar and wind power. Environmental groups have also argued Sizewell C will damage local nature reserves that host wildlife like otters and marsh birds. About 300 people joined a protest against the development at the Suffolk site over the weekend. 'Net zero is supposed to happen by 2030 — there is no way this is going to be completed by then,' said Jenny Kirtley, a local resident who chairs the campaign group Together Against Sizewell C.