Business
Production Update - July 2007
Production Update - July 2007.
About this update from Pantheon Resources Plc
[{"type":"text","content":"\n Pantheon Resources PLC\n06 August 2007\n\nAugust 6, 2007\n\nPANTHEON RESOURCES PLC\n\nProduction Update-July 2007\n\nThe Board of Pantheon Resources ('Pantheon') announces that the company's\ncombined production on a working interest basis averaged 105.9 thousand cubic\nfeet a day ('mcfd') in July 2007. This output is currently from Pantheon's four\nfields in its Project Wharton venture.\n\nA major event in the Company's development will occur with the commissioning of\nthe Wilson discovery (Pantheon 31.77% working interest). This is due before\nend-August according to the Operator, despite heavy rains which delayed hook-up\nof the Wilson ST949#1 well to the sales pipeline. The Operator has estimated a\ngross production rate of between 2.5 to 3.5 million cubic feet a day ('mmcfd').\nThis equates to an output net to Pantheon of between 0.79 to 1.11 mmcfd.\n\nPantheon's historic monthly production is provided in Table 1.\n\nTable 1: Monthly Net Production on Working Interest Basis (mcfd)\n\n Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec\n\n2006 2.1 33.5 28.3 35.1\n\n2007 42.1 95.4 107.5 79.6 61.3 81.3 105.9\n\n\nIn accordance with the AIM Rules, the information in this report has been\nreviewed and signed off by Mr Robert Rosenthal, (BSc Geology, MSc Geology),\nTechnical Director at Pantheon Resources Plc, who has over 30 years relevant\nexperience within the sector.\n\nFor further information on Pantheon Resources plc, see the website at\nwww.pantheonresources.com\n\nContacts:\n\nPantheon Resources Plc\n\nSue Graham, Chairman +44 20 7379 0118\n\nOriel Securities Limited\n\nScott Richardson Brown +44 20 7710 7600\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2058,"tagName":"div"}]