Pantheon Resources PLC
06 August 2007
August 6, 2007
PANTHEON RESOURCES PLC
Production Update-July 2007
The Board of Pantheon Resources ('Pantheon') announces that the company's
combined production on a working interest basis averaged 105.9 thousand cubic
feet a day ('mcfd') in July 2007. This output is currently from Pantheon's four
fields in its Project Wharton venture.
A major event in the Company's development will occur with the commissioning of
the Wilson discovery (Pantheon 31.77% working interest). This is due before
end-August according to the Operator, despite heavy rains which delayed hook-up
of the Wilson ST949#1 well to the sales pipeline. The Operator has estimated a
gross production rate of between 2.5 to 3.5 million cubic feet a day ('mmcfd').
This equates to an output net to Pantheon of between 0.79 to 1.11 mmcfd.
Pantheon's historic monthly production is provided in Table 1.
Table 1: Monthly Net Production on Working Interest Basis (mcfd)
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2006 2.1 33.5 28.3 35.1
2007 42.1 95.4 107.5 79.6 61.3 81.3 105.9
In accordance with the AIM Rules, the information in this report has been
reviewed and signed off by Mr Robert Rosenthal, (BSc Geology, MSc Geology),
Technical Director at Pantheon Resources Plc, who has over 30 years relevant
experience within the sector.
For further information on Pantheon Resources plc, see the website at
www.pantheonresources.com
Contacts:
Pantheon Resources Plc
Sue Graham, Chairman +44 20 7379 0118
Oriel Securities Limited
Scott Richardson Brown +44 20 7710 7600
This information is provided by RNS
The company news service from the London Stock Exchange