Last checked at 
Pantheon, whose main assets are in
Revenue for the period was
The company made "a number" of significant achievements during the period, despite challenges such as long lead times, a mixed quality of a service providers, as well as "catastrophic" flooding, perhaps the main being the beginning of production in
In November, Pantheon's VOBM No. 1 well in
The firm is in talks with two gas processing plants in
VOBM No. 4 in
Chief Executive Jay Cheatham said: "The half year period to the end of December 2017 maintained our progress towards our stated objective but was not without challenges. Operational difficulties, long lead times, mixed quality of service providers and catastrophic flooding all contributed to hampering the rate of progress Pantheon made during this time."
"However, the group made significant achievements during and after the period including closing a heavily oversubscribed fundraising, commissioning of the Kinder Morgan gas processing facilities, increasing its working interest positions, commencement of first production and corresponding first revenues."
He added: "We look forward to progressing with the company's 2018 drilling programme and believe the knowledge we have gained will allow us to achieve our long term strategy."
Pantheon shares were down 3.5% on Tuesday at a price of
