Pantheon Resources PLC
11 April 2007
April 11, 2007
PANTHEON RESOURCES PLC
Production Update-March 2007
The Board of Pantheon Resources ('Pantheon') announces that the company's
combined production on a working interest basis averaged 107.5 thousand cubic
feet a day ('mcfd') in March 2007. First quarter 2007 production to Pantheon
averaged 87.6 mcfd. This represents over 2.5 times the 32.3 mcfd recorded for
fourth quarter 2006.
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 42.1 113.1 107.5
Pantheon now has three producing fields in the Project Wharton area. Hopefully
this will be augmented by a fourth with the recent Baptist discovery. Despite
its current small size, production at Project Wharton is growing and providing a
more solid earnings base. The Company has at least a further 13 prospects on its
Project Wharton venture remaining to be drilled. The historic high exploration
success rate gives confidence for further growth.
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.
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