Pantheon Resources plc Regulatory News (PANR)

2 Jan 2007 07:04

Pantheon Resources PLC02 January 2007 January 2, 2007 PANTHEON RESOURCES PLC Second Coring Operation Underway • The Kindee ST 212 #1 well on the Plum Deep structure was spudded on 1 August 2006 (Texas, USA). • Coring operations have begun at a measured depth of 15,103 feet ("ft")'. This will collect a second and final core. • Preliminary core analysis in this deeper zone is expected to be available for evaluation in early January 2007. Subsequent operations will include drilling to a planned measured depth of 15,400 ft. • A comprehensive logging and sampling programme is planned, with results available from that work by mid-January 2007. • This programme is targeted to test the deepest zone which spans over 800 gross feet. • The results of the core analysis and the logging programme in the deeper zone should determine whether this zone is commercial. In accordance with the AIM Rules, the information in this report has beenreviewed and signed off by Mr Robert Rosenthal, (BSc Geology, MSc Geology),Technical Director at Pantheon Resources Plc who has over 30 years relevantexperience 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