Pantheon Resources PLC
08 February 2007
Spudding of Wilson Prospect
• The Board of Pantheon Resources plc ('Pantheon') announces that it has
been informed by the operator, Golden Gate Petroleum Ltd, that the Kindee ST
949 #1 well spudded on February 7 2007.
• Wilson is the second well of a multi-well programme and will be targeting
the upper Frio system. Gross best estimate potential reserves (previously
described as 'P50 potential reserves') have been assessed as c.9 billion
cubic feet.
• The well should reach total depth by the end of March on a trouble free
basis.
The working interests in the Wilson Prospect are as follows:
Working Interest (%)
Golden Gate Petroleum Ltd 47.375
Pantheon Resources Plc* 27.625
Cinco Resources Inc 15.000
Medina* 10.000
* Subject to final documentation
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
Justin Hondris +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