New Issue today....amazing acerage and fully funded for their entire 6 drill program. Priced VERY competitively..




Pantheon Resources PLC
05 April 2006



Not for publication, distribution or release in the US, Canada, Japan or
Australia


PANTHEON RESOURCES PLC
('Pantheon' or 'the Company')


Admission to the Alternative Investment Market ('AIM')


Pricing & Allocation


Pantheon Resources plc, today announces its proposed admission to AIM
('Admission') and a successful Placing by Oriel Securities ('Placing').


Placing and Admission


The Company has raised approximately 10.0 million through a placing
of 10,000,000 shares at 100 pence per share. Existing Shareholders have not sold
shares in the Placing.


On Admission, the Company will have a market capitalisation of
approximately 15.5 million.



Oriel Securities Limited, nominated adviser and broker to Pantheon,
and the Company have placed all of these shares with institutional and other
investors.



The Company intends to use the 9.4m net proceeds from the Placing to
finance its initial business strategy which is to drill a minimum of four wells
in certain under-explored deep sections under and around Padre Island, Texas.



The Directors also believe that Admission will help Pantheon attract
and retain high quality staff and raise the status and market profile of the
Company.



Admission and commencement of dealings on AIM are expected to take
place on 5 April.



Background and strategy



Pantheon Resources plc was formed in 2005 to be an independent UK
based oil and gas exploration company focused on hydrocarbon producing basins in
the Gulf of Mexico ('GoM') off the coast of the south of Texas. Specifically,
its initial focus is intended to be on the deep geological plays under and
around Padre Island.



In building its exploration portfolio in this region, Pantheon intends
to participate initially in six exploration prospects (the 'Farmout Prospects').
This is pursuant to a Farmout Agreement with the lessees that currently own the
leasehold interests over approximately 10,715 hectares (the 'Padre Island
Project Area' or 'PI Project Area'). These Farmout Prospects are ready to drill
from a geological and geophysical perspective. Importantly, a drilling rig
contract has been secured for 12 months with options to extend. The Directors
believe that a number of the Farmout Prospects located under or around Padre
Island may contain commercial quantities of oil and gas. Abundant infrastructure
with surplus capacity is located nearby. The Directors believe that these
factors should allow new discoveries to come online quickly in the event of
successful drilling.



Pantheon's strategy is to focus initially on hydrocarbon exploration
and production onshore or near shore in the GoM. Such areas offer lower drilling
and development costs than offshore while lead times to commercial production
are shorter. Being a small exploration company with limited capital, the board
of Pantheon believes these factors should enhance returns to investors and limit
future equity dilution in the event of successful exploration.



The Directors believe that drilling success should provide Pantheon
with a strong foundation upon which to build a focused exploration and
production company. Pantheon intends to manage carefully its risk and enhance
the probability of success through holding small working interests ranging from
10-25 per cent. and partner with experienced operators in the GoM region. The
Directors believe that small working interests should also enable Pantheon to
spread its risk across more prospects, while managing the probability of success
through improving the statistical risk profile. The Board of Pantheon believes
that any drilling success should have a positive impact on the Company's
valuation as the current prospects to be drilled are large in relation to
Pantheon's size. Pantheon, at this early stage of its corporate development, has
no intention of being an operator. It intends to keep its corporate overhead
costs as low as possible by having very few full time staff. This should ensure
both that capital is injected directly into the PI Project Area and that
leverage to shareholders is maximised in the event of drilling success. The
efficient allocation of limited capital is of paramount concern to the board of
Pantheon.



Placing Statistics:


Placing Price 100p

Number of Placing Shares to be issued 10,000,000

Number of Ordinary Shares in issue immediately following Admission 15,552,329

Percentage of the Company's enlarged issued ordinary share capital being placed 64.3%

Estimated net proceeds of the Placing (1) 9.4m

Market capitalisation immediately following Admission at the Placing Price 15.5m

Note:

(1) Net proceeds are stated after the deduction of estimated expenses of
approximately 0.6 million.



For further information, please contact:

Pantheon Resources plc 30 Farringdon St,
Sue Graham, Chairman London, EC4A 4HJ.
Justin Hondris, Non-executive Director

Oriel Securities Limited 020 7710 7600
Scott Richardson Brown


Oriel Securities Limited, which is regulated in the United Kingdom by the
Financial Services Authority, is acting exclusively for Pantheon Resources plc
and no-one else in the connection with the Placing and Admission and will not be
responsible to any person other than Pantheon Resources plc for providing the
protections afforded to clients of Oriel Securities Limited or for providing
advice in relation to the transactions and arrangements detailed in this
announcement. Oriel Securities Limited is not making any representation or
warranty, express or implied, as to the contents of this announcement.


This information is provided by RNS
The company news service from the London Stock Exchange

Hugh gas find in Texas released in today's RNS, market just released the potental now, sp will rise upwards now the US has woken up. Drilling also continuing in Mexico, another safe part of the world.

TheMaster, I'm afraid I have to take issue with your use of the word "huge" in relation to today's gas find, assuming it is Zebu you are talking about. Zebu is one of a number of gas plays recently farmed into and described in the RNS of 29Jun2006 as "small with reserves estimates per well ranging from 0.5 to 4.0 billion cubic feet ('bcf')." PANR has a 9.375% interest, so even if they have found the 4 billion, it's really not a lot.

I agree though that the prospects for the company could be good given the high probability of success of the current drilling campaigns.

shows the strength on management and the fact that PANR is about to officially have some positive cash flow!

Pantheon Resources says Dakota 1 well plugged and abandoned
AFX


LONDON (AFX) - Pantheon Resources PLC said the Dakota 1 well was plugged and abandoned after it was found to be non commercial.

Dakota 1 was the second well to be drilled on Project Wharton, a farm-in concluded with Everest Resource Co in June 2006.

Seven additional prospects are located on the Dakota area and still remain attractive targets for future drilling, it said, adding that as these are not subject to the farm-in terms, they would have a higher value to Pantheon.

The drilling rig is moving from the Dakota 1 location to the Mohawk 1 prospect, where drilling is expected to start within seven days. Another rig has been allocated to drill the Caddo prospect, which is also expected to spud within the same period.

Pantheon is paying 25 pct of the drilling costs to earn an 18.75 pct working interest in both Mohawk and Caddo. Both prospects are located in Wharton County, south Texas.

The company also said natural gas sales from the Zebu discovery are scheduled to commence shortly. The start-up has been delayed due to heavy rains.

newsdesk@afxnews.com

Sugar the pill.

Non commercial are the same as dusters.

Expensive empty holes.

Lets hope Plum Duff comes up to expectations.

Having reviewed this one, I will stand to one side and let everyone else have them.

SWW my old friend!!!! don't give up on this pup!

lets break bread and have a chicken brick surprise together!!!!!!!!!!!!!!!

seriously...'ave a few.



Rgds
PT

Okay.

You are in my book so delete that.

Pantheon is conducting an aggressive exploration campaign on Padre Island (Plum Deep) and Project Wharton (Caddo and Mohawk). Mohawk #1 also just hit gas as did the earlier well, and the third well Caddo is now spudded there.

On the big prospect which is plum deep, things seem to be progressing well, and TD is around 3 weeks aways now. If Plum Deep encounters success, these should rerate fast. Presently with both earlier wells finding gas, and the first well into production, things are looking good, so far.

This was the last update on Plum Deep -

Plum Deep Drilling Update

RNS Number:2612K Pantheon Resources PLC
11 October 2006

PANTHEON RESOURCES PLC
Drilling Update On Padre Island

*The Kindee ST 212 #1 well on the Plum Deep structure was spudded on 1
August 2006 (Texas, USA).

*As at 08:00 Texas Time, 10 October 2006, the well was at a depth of
11,359 feet ("ft") measured depth and drilling ahead.

*Drilling operations to the planned total depth of 16,400 ft (vertical
depth 15,000 ft) are expected to take approximately three weeks..

*The Plum Deep structure is considered to be a world class exploration
prospect. Gross best estimate potential reserves (previously described as
"P50 potential reserves") have been assessed in a 161-293 billion cubic feet
("bcf") range.

*Pantheon is paying 33.33% of the well costs to earn a 25% working
interest.

In accordance with the AIM Rules, the information in this report has been
reviewed and signed off by Mr Robert Rosenthal, (BSc Geology, MSc
Geology), Technical Director at Pantheon Resources Plc who has over 30 years
relevant experience within the sector.

More good news :) only small but still good, and we await the results from the big one, Plum Deep.


RNS Number:5661K
Pantheon Resources PLC
17 October 2006

PANTHEON RESOURCES PLC

Natural Gas Encountered at Caddo Prospect

The Board of Pantheon Resources plc ("Pantheon") is pleased to announce that the
Caddo #1 exploration well has encountered natural gas. The Caddo #1 well was
drilled to test an extensional prospect on the Matthews SE Field complex. It was
targeting two anomalies on the east flank of SE Matthews Field, Thomas Field,
and Lissie Field in the Frio and Yegua sections at 4,000 feet ("ft") and 7,125
ft respectively.

Electric logs analyses and formation tests have now confirmed the presence of
some five to eight ft of net natural gas pay in the shallower objective. As a
result of the positive log confirmation, the decision has been made to complete
the well for production testing. The results of the production testing should be
communicated in the coming weeks.

Caddo #1 was the fourth well to be drilled on Project Wharton, a farm-in
concluded in June 2006. Pantheon is paying 25% of the drilling costs to earn an
18.75% working interest in Mohawk.

Six additional prospects are located on the Caddo area of mutual interest ("AMI
") which covers around 1,175 acres. The locations target comparable Yegua and
Frio anomalies, but Miocene objectives are also present in all of them. Success
in Caddo #1 would make these very attractive drilling targets. As these are not
subject to the farm-in terms, they would have a higher value to Pantheon.

In accordance with the AIM Rules, the information in this report has been
reviewed and signed off by Mr Robert Rosenthal, (BSc Geology, MSc Geology),
Technical Director at Pantheon Resources Plc, who has over 30 years relevant
experience within the sector.

Contacts:
Pantheon Resources Plc
Sue Graham, Chairman +44 20 7379 0118
Oriel Securities Limited
Scott Richardson Brown +44 20 7710 7600

You can get Plum Deep (Kindee) updates a little earlier that UK PANR RNS's by looking at the Australian partner web site (Golden Gate) :

http://www.ggpl.com.au/index.html


The latest update just released today is :

http://www.ggpl.com.au/documents/061019GGexplorationupdate.pdf

19 October 2006
EXPLORATION UPDATE AT PADRE ISLAND Kindee ST 212, Padre Island Texas, Operator 37.5% WI

The Kindee ST 212 #1 well on the Plum Deep Structure was spudded on 1 August 2006 (Texas, USA). As at 07.30 Texas Time, 18 October 2006, the well was at a depth of 11,971 measured depth and drilling ahead. The planned total depth of the well is 16,400 ft (vertical depth 15,000 ft).

Partners in the ST Kindee #1 well are:
Golden Gate Petroleum Ltd 37.5% WI
Lodore Resources Ltd 37.5% WI
Pantheon Resources Plc 25.0% WI

Waking up today, nice little move up.

No one posted this yet Todays Daily Express

Drug discovery firm EiRx Therapeutics was steady at 0.28 amid speculation it was set to receive two milestone payments.

L2 2 v 2 @128/133 but all buys at full offer price, which suggests that possibly we are nearing a stage where stock is getting short of supply, this is backed up by recent SP movements. Certainly getting to a very very interesting stage.

Risk/reward is good IMO, and plenty of news for the coming 2 to 6 weeks for the short term picture.

Planned drilling dates for all the wells in Padre Island were updated in yesterdays "Replacement : First Quarter Activities & Cashflow Reports" published by GGP

http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=GGP

Wilson is due to spud November 2006, Manzano December 2006, Murdock South 1st Qtr 2007, Lemonseed 2nd Qtr 2007, and Kingsway 2nd Half 2007.

"Bigger than Texas - junior aims to pluck Plum prospect"

Sonya Neufeld, Steve Rotherham
Thursday, 2 November 2006

WITH its Kindee ST212-1 well on Texas' Padre Island drilling ahead at 14,300 feet (4358.6m) towards a 293 billion cubic foot gas (P2) prospect, Golden Gate Petroleum believes the year ahead is likely to be very "exciting".

In its quarterly report, released on Tuesday, the Perth-based junior said during the 2006 September quarter, its estimated net share of production from its US operations was 181.9 million cubic feet of gas and 1903 barrels of oil.

Based on current production rates, Golden Gate's gross share of production from Padre Island is currently around 2MMcf of gas and 21bbl of oil per day, it said.

Golden Gate told PetroleumNews.net that the Kindee ST212-1 well, targeting the Plum Deep Structure, is drilling ahead at a measured depth of 14,300ft. The total planned depth of the well, 16,400ft, is expected to be reached in the middle of this month.

Plum Deep has an estimated gross P50 reserve potential of about 293 billion cubic feet of gas. The upside potential (P10) is 952Bcf.

Golden Gate operates the well with a 37.5% interest and under arrangements with partners Japanese company Lodore and AIM-listed Pantheon Resources, it will contribute 33.33% towards the drilling costs to casing point.

Lying within the same fault trap as the Dunn-Peach-6 well, Kindee ST212-1 is targeting deeper reservoirs, between 9500ft and 16,500ft. Dunn-Peach-6 was confirmed as a discovery earlier this year and is flowing 1.9MMcfd of gas.

The company also said the Kindee well is the first of eight wells to be drilled on Padre Island over the next two years.

"The island has a mixture of shallow and deep plays," managing director Sam Russotti told PNN.

"We have begun drilling high-impact, deep prospects and are close to restarting development of the lower risk, shallow prospects.

"Many of the deeper targets have reserves potential in the 100Bcf-plus range, and with good 3D seismic and very little deep drilling having been done on the island so far there are plenty of targets to choose from."

Extensive evaluation had confirmed six mature, quality, deep exploration targets of which Plum Deep, Manzano and Murdock South had been identified as the largest. Each offered the potential for significant additional reserves and early cash flow, Russotti said.

Golden Gate plans to drill all currently defined prospects, except possibly Kingsway, from onshore, with the advantage of substantially reduced costs for exploration and development compared with offshore drilling. Onshore drilling would also significantly cut production lead times in the event of commercial successes.

Golden Gate also released its annual report yesterday, revealing that total revenue for the 2005-06 financial year increased more than sevenfold to $4.4 million, compared to $584,210 in the previous year.

"As a result of the progress made over the past year, 2007 promises to be a very exciting year for the company and its shareholders."

http://www.petroleumnews.net/StoryView.asp?StoryID=68135

First Gas shows announced today :) Thats a good sign imo :)

http://www.asx.com.au/asxpdf/20061107/pdf/3zg55gql790rm.pdf

Post from AFN :

"ZENGAS - 14 Nov'06 - 12:54 - 7424 of 7424


I've had a further look over eme - current mkt cap 30m and the amount of speculative money that has piled into it at these levels looking for 50 - 60m mkt cap again.
Cash position at 31/3/06 was 3.2m ($6m).
Costs will have come out of that from at least 31/3/06 for Glantal that was ongoing and P&Ad almost 4 months later on 28th July.
The costs of Sugarloaf have to be factored in (around $750k) plus the opeartions at Eagle which have stalled trying to retrive equipment and now needs a new side track well and they have to get a deep drilling rig (17-10 rns) to come and drill it.

From 31-3-06 I estimate that their cash position is now around $3m with all hope resting for the moment on Sugarloaf.

Reserves for Sugarloaf are estimated at 970 bcf (P50) to 2.3TCF (P10).
With a 6% share to EME that equates to possibly 58 bcf or 138 bcf with about $3m left in the bank.

If you look at Pantheon position circa $14m with one well on production - generating income and 2 others awaiting test results the Padre Island upside potential

Using Golden Gates figures for Padre Island.
Plum deep P50 = 293bcf. P90 = 952 bcf.
Wilson P50 = 5 bcf. P90 = 21 bcf.
Manzano P50 = 337 bcf. P90 = 816 bcf.
Murdock South P50 = 232 bcf. P90 = 463 bcf.
Kingsway P50 = 16 bcf. P90 = 41 bcf.
Lemonseed P50 = 67 bcf. P90 = 239 bcf.

P50 = 950 bcf with P90 = 2.532 TCF.

On a share of 25% to Pantheon that equals 237 bcf to 633 bcf.

Pantheon targetting 400% to 450% greater attributable gas volumes than eme.
Pantheon 50% cheaper than Empyrean.
Pantheon have at least 4 times as much cash (ie $14m versus $3m approx).
Pantheon have maiden production from 1 well with 2 more possibly to follow.
Empyrean could likely face a cash call after the new side track at Eagle is drilled.

As a further sweetner Pantheon have access to a further 17 low costs well which can if taken up offer the potential for substantial accumulative income.

You have to ask yourself in reality what offers better value/risk/upside. This is why I prefer Pantheon and the leadership and strategy of Sue Graham."

Many thanks PP for forwarding the Zengas report, it makes plenty sense.
Needless to say PAN.r is not on the PI's radar screens like EME
If Plum Deep comes good this share goes north big style- not long
to wait now- TD next week ?
Think this will get leaky PP like the last big drill ?

nite ram, TD is here already......time for logging and testing of zones.


16 November 2006
EXPLORATION UPDATE AT PADRE ISLAND
Kindee ST 212, Padre Island Texas, Operator 37.5% WI
The Company advises that the Kindee ST212 #1 well on the Plum Deep structure has reached its target
depth of 16,392 ft (measured depth).
Electric logs are in the process of being run. A testing program will be formulated following the
evaluation of the electric logs.
The next well in Padre Island Joint Venture will commence once the rig is released from the current well.
Partners in the Kindee ST212 #1 well are:
Golden Gate Petroleum Ltd 37.5% WI
Lodore Oil and Gas LP 37.5% WI
Pantheon Resources Plc 25.0% WI
Contact:
Mike Bell
Managing Director
Phone +1 713 334 0986
Sam Russotti
Executive Chairman
Phone +61 2 6587 4348
For more information: www.ggpl.com.au

But no mention of further gas shows. Isn't that slightly ominous? How long till results are known? I think we may be in for a fall this morning. Oh well.