Pantheon's strategy is to focus on onshore hydrocarbon exploration and production in East Texas, where our specialist expertise and competitive advantage lie. We run a lean organisation that is committed to maximising the potential returns to shareholders through carefully targeted exploration in proven areas and tight control of costs.
The East Texas region has the advantage of being part of a sophisticated free market economy where the rule of law and encouragement of free enterprise are both deeply ingrained. The established infrastructure and nearby transport links mean that any oil or natural gas discoveries can be brought quickly and cost-effectively to market.
As a small exploration and production company with the benefit of in-depth proprietary knowledge of the geology on its acreage, the board of Pantheon believes that its low cost, narrow focus strategy offers investors a unique and attractive opportunity to participate in a high impact, relatively low risk drilling programme with considerable potential.
Any commercial discoveries of hydrocarbons from this year’s drilling will transform the scale and reach of the company, as the economic potential of the prospects we are testing are large in relation to our current market capitalisation. Pantheon has no intention of becoming an operator at this stage and keeps corporate overhead costs to a minimum so as to maximise the returns to shareholders in the event of success.