23rd Aug 2006 12:49
Pantheon Resources PLC23 August 2006 August 23 2006 PANTHEON RESOURCES PLC Drilling Update On Padre Island • The Kindee ST 212 #1 well on the Plum Deep structure was spudded on 1August 2006 (Texas, USA). • As at 08:00 Texas Time, 20 August 2006, the well is being conditioned ata depth of 4,826 feet following setting surface casing and pressure testing at2,140 feet. • The Plum Deep structure is considered to be a world class explorationprospect. Gross best estimate potential reserves (previously described as "P50potential reserves") have been assessed in a 161-293 billion cubic feet ("bcf")range. 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 ExchangeRelated Shares:
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