Pantheon Resources plc Regulatory News (PANR)

15 Nov 2007 08:43

Pantheon Resources PLC15 November 2007 Production Update - October 2007 15/11/2007 Pantheon Resources plc, ('Pantheon' or the 'Company'), the AIM-listed oil and gas exploration company active inthe Gulf of Mexico, is pleased to announce that the Company's combined production, on a working interest basis,averaged 1220 thousand cubic feet a day (" mcfd ") plus 6 barrels oil per day ("bopd") in October 2007. Thiscompares with 875 mcfd in September 2007. 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 34 28 35 2007 42 95 108 80 61 81 106 97 875 1220 Pantheon's production numbers include the two newest discoveries; Dunn Deep #2 and Wilson, in addition to existingoutput from Pantheon's four fields in its Project Wharton venture; Baptist, Caddo, Mohawk and Zebu. In accordance with the AIM Rules, the information in this report has been reviewed and signed off by Mr RobertRosenthal, (BSc Geology, MSc Geology), Technical Director at Pantheon Resources Plc, who has over 30 yearsrelevant experience within the sector. Further Information: Pantheon Resources Plc Sue Graham, Chairman +442073790118 Oriel Securities Limited Scott Richardson Brown +442077107600 Media Enquiries Capital MS&L Steffan Williams / Peter Curtain / Jennifer Martin +442073075330 James.Madsen@capitalmsl.com Notes to editors: Pantheon Resources plc Pantheon Resources plc was formed in 2005 to be an independent gas exploration company focused on hydrocarbonproducing basins onshore or near shore the Gulf of Mexico. On 5 April 2006, Pantheon was admitted to the AIM,having successfully raised £10m from a mix of quality institutional and private investors This information is provided by RNS The company news service from the London Stock Exchange