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Panthean Resourses (PANR)     

nite ram - 03 Oct 2006 12:24

PAN.R said today-- Zebu field Texas comenced production on 29th sept @
500,000 cu.ft per day. They also announced that Mohawk 1 well was spudded
29th Sept. shortly to be followed by Caddo 1 well (both in Texas) Both wells =
1 months drill time. With 18.75% working interest for a massive protential panr
could = Christmas presents for all, going forward ! imo -anyone endorse/
otherwise
? thanks

soul traders - 03 Oct 2006 16:51 - 2 of 2

NR, Pantheon looks like it could be a good investment, but 500,000 cu.ft/d is nothing, especially when PANR has only a 9.375% working interest.

If I was considering buying, I'd almost be inclined to double-check the figure with the company. IMO the news is best considered as confirming the likelihood of the primary target at the same site being able to produce a greater quantity of gas.

I'd say be sure you know what you're getting before buying, as the working interests involved mean a considerable amount of dilution at the end of the day.
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