OTC Markets Group Welcomes Pantheon Resources Plc to OTCQX
NEW YORK, Sept. 07, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for 12,000 U.S. and international securities, today announced Pantheon Resources Plc (AIM: PANR; OTCQX: PTHRF), an oil and gas company with a 100% working interest in all of its projects spanning approximately 153,000 acres adjacent and near to transportation and pipeline infrastructure on the Alaska North Slope, has qualified to trade on the OTCQX® Best Market. Pantheon Resources Plc upgraded to OTCQX from the Pink® market.
Pantheon Resources Plc begins trading today on OTCQX under the symbol “PTHRF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.
Jay Cheatham, CEO of Pantheon Resources Plc, commented, “I am delighted to mark this achievement of Pantheon upgrading to OTCQX, the highest tier of OTC Markets. With 100% of our oil and gas assets being located on state land, onshore Alaska, this is the perfect opportunity for the us to be able to increase the accessibility of our stock to U.S. investors and to further increase Pantheon’s visibility at such a key stage in our journey.”
Galanopoulos & Company acted as the company’s OTCQX sponsor.
About Pantheon Resources Plc
Pantheon Resources plc is an AIM listed Oil & Gas company focused on several large projects located on the North Slope of Alaska ("ANS"), onshore USA where it has a 100% working interest in 153,000 highly prospective acres with potential for multi billion barrels of oil recoverable. Pantheon estimates its 100% owned assets to have potential for over 23 billion barrels of oil in place and a recoverable resource of over 2.3 billion barrels of oil. A major differentiator to other ANS projects is its close proximity to transport and pipeline infrastructure which offers a significant competitive advantage to Pantheon, allowing for materially lower capital costs and much quicker development times. The Group's stated objective is to create material value for its stakeholders through oil exploration, appraisal and development activities in high impact, highly prospective conventional assets, in the USA; a highly established region for energy production with infrastructure, skilled personnel and low sovereign risk. All operations are onshore USA, with drilling costs materially below that of offshore wells.
About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.
Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.
OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.
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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com
Pantheon Resources Plc, +44 (0) 20 7138 3204, pantheon@blytheray.com
