11th Apr 2007 07:01
Pantheon Resources PLC11 April 2007 April 11, 2007 PANTHEON RESOURCES PLC Production Update-March 2007 The Board of Pantheon Resources ("Pantheon") announces that the company'scombined production on a working interest basis averaged 107.5 thousand cubicfeet a day ("mcfd") in March 2007. First quarter 2007 production to Pantheonaveraged 87.6 mcfd. This represents over 2.5 times the 32.3 mcfd recorded forfourth quarter 2006. 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 Dec2006 2.1 33.5 28.3 35.1 2007 42.1 113.1 107.5 Pantheon now has three producing fields in the Project Wharton area. Hopefullythis will be augmented by a fourth with the recent Baptist discovery. Despiteits current small size, production at Project Wharton is growing and providing amore solid earnings base. The Company has at least a further 13 prospects on itsProject Wharton venture remaining to be drilled. The historic high explorationsuccess rate gives confidence for further growth. 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 PlcSue Graham, Chairman +44 20 7379 0118Oriel Securities LimitedScott Richardson Brown +44 20 7710 7600 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Pantheon Resources plc