Pantheon Resources PLC - London-based oil and gas company focused on onshore operations in the US - Confirms best estimate contingent resource estimate for the Kodiak oil field in Alaska totals 962.5 million barrels.

Chief Executive Officer Jay Cheatham says: ‘This really is a big deal. A credible third-party estimate of nearly one billion barrels of recoverable liquids for a company the size of Pantheon is an incredible achievement, validating our geological model.’

Current stock price: 15.20 pence, up 12% in London Tuesday morning

12-month change: down 88%

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