Pantheon Resources appoints new CFO and CDO ahead of US Listing

Pantheon Resources plc (LON:PANR), 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, has announced 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, 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, 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 Resources’ 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:

·      One-off grant of 375,000 Restricted Stock Units under the Employee Share Ownership Plan (“ESOP”) announced in October 2024, vesting over three years

·      750,000 options with various time-based and operational vesting criteria

·      Be eligible for ongoing standard senior executive grants under the ESOP

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.