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Not for publication, distribution or release in the US, Canada, Japan or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

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.

Going to be a good news day !! :)

http://www.asx.com.au/asxpdf/20061130/pdf/3zvyjw62jqjl2.pdf


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).

The Board of Golden Gate Petroleum is pleased to advise that electric logging of the well has been successfully completed.

Our preliminary interpretation of the logs has identified 4 zones which are potentially gas bearing and warrant further investigation. Collectively these zones span a gross interval of over 1000 feet.

As operator, Golden Gate is planning a comprehensive testing programme which it expects to recommend to the Joint Venture. This will be the subject of a future announcement once the programme has been approved by the Joint Venture. The programme will provide the additional information needed to determine the commerciality of each of these zones.

Mr. Russotti remarked The initial results from the electric logs are encouraging and the gross interval encountered is in line with our pre-drill estimates. The final out come is of course dependent on the results of the testing programme.

Partners in the ST Kindee #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:
Sam Russotti
Executive Chairman
Phone +61 2 6587 4348
For more information: www.ggpl.com.au
Mike Bell
Managing Director
Phone +1 713 334 0986

So pp.

Two questions.

1) What were their expectations?

2) Is this 4 zones over 1000feet of strata or 1000feet of gas bearing rock?

"Collectively these zones span a gross interval of over 1,000 feet."

So I read it that there are 4 zones over a span of 1000feet, not a 1000feeet of gross pay.

Better than nothing .

This is in line with their expectations.

4 zones with a combined 1000 feet of gross pay. According to the latest RNS GGP will test 3 zones over the next 3 weeks. The largest zone has an 800ft interval and will be sidetracked. The results of each zone will be reported individually.

Then there is Wharton. News due on flow rates on two wells, Mohawk and Caddo. And the further prospects that PANR can farm-in to at Wharton.

Moving up with expectations now, a positive result will see the SP rise fast, and also the opposite if not.........

guys....this is getting interesting. news expected this week...

SWW, get in there!

Rgds
PT

Hi prop, I have watched this for a while now, I am in between brokers as is my cash so I can't just yet.

Good luck though, things look on track for a great result.

Hi prop, just seen Golden Gate are down over 20% in Oz and there is a news release, not looking too good so far at Plum Deep.

Golden Gate Web Site. No news yet but RNS has been issued to the ASX.

ASX Golden Gate Company Web page

I know there is another zone to test but think I will stay out.

All the best.

December 21, 2006

PANTHEON RESOURCES PLC

Padre Island Testing Update


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

The preliminary results of the first stage of the testing programme have
now been received

The first conventional core in the sidetrack well has been successfully
retrieved and is under analysis. Initial results from the first drillstem
test ('DST') are also available. The DST was conducted in the shallowest of
three potential zones within the open hole.

Preliminary interpretation confirms the presence of a tight reservoir
formation. Fluid recovery was primarily of drilling fluid, with some
formation water and traces of natural gas. No natural gas flowed to surface.
Pressures were in line with pre-test estimates.

Initial interpretation of the core shows the interval primarily to be
inter-bedded silty sandstone and siltstone, with thin beds of sand and
shale. Preliminary determination of porosity and permeability show this zone
to be primarily water wet, and unlikely to contain commercially recoverable
hydrocarbons.

Drilling to the next planned core point is now underway. This will
initiate the collection of a second and final core. This second core will be
taken in the deepest zone which spans over 800 gross feet. Once this is
collected, drilling will proceed to a TD of 15,450 feet measured depth. At
this stage a comprehensive logging and sampling programme will be
undertaken.

The results of the core analysis and the logging programme in the deeper
zone in this sidetrack should determine whether this deeper zone is
commercial or not.

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.

Kant#1 is non commercial.


Pantheon Resources PLC
09 January 2007

PANTHEON RESOURCES PLC

Kant #1 Well Non-commercial

The Board of Pantheon Resources plc ('Pantheon') announces that it has been
informed by the operator, Everest Resource Company ('Everest'), that the Kant #1
well reached a total depth ('TD) of 4,750 feet on January 6, 2007. A full suite
of electric logs was run. The results of the log interpretation indicated the
presence of hydrocarbons in the primary objective. However the well was deemed
non-commercial due to low natural gas saturation and thin reservoir sands. A
decision was to plug and abandon ('P&A') the well as non-commercial.

Pantheon plans to drill another exploration well, Baptist, in first quarter
2007. A further three wells in and around the company's discoveries are
currently scheduled for 2007. As these are not subject to the farm-in terms,
they would have a higher value to Pantheon, if successful.

Since its initial farm-into three projects in June 2006, Pantheon has farmed
into three more prospects and drilled four wells on Project Wharton. Pantheon is
now producing from two natural gas fields, Zebu and Mohawk. A third, Caddo, is
scheduled to be commissioned shortly. When combined together, these fields will
make up an attractive and growing income stream for the company. This increasing
natural gas production occurs at a time of improved US natural gas prices. It
represents an important income stream for a small company such as Pantheon with
attractive near term financial returns.

The current interests and status of all prospects in which Pantheon has an
interest are shown in table 1

Table 1: Project Wharton and Pantheon's Interests

Prospect Pantheon Working Interest Status

Zebu #1 9.375% Producing
Caddo #1 18.75% Due on-stream early 2007
Dakota #1 18.75% P&A non-commercial shows
Mohawk #1 18.75% Producing
Baptist #1 11.50% Drilling scheduled for 1Q 2007
Kant #1 18.75% P&A non-commercial shows

Plum Deep becomes Plum Duff!

http://moneyam.uk-wire.com/cgi-bin/articles/200701100700362578P.html

Non commercial a small 25foot zone still left for testing!!!

Bad luck prop.


Pantheon Resources PLC
10 January 2007

January 10, 2007

PANTHEON RESOURCES PLC

Plum Deep Deeper Zones Non-Commercial. Testing of Fourth Shallow Zone To
Proceed. Moving to Drill Wilson Prospect.


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

* The well has been completed following the electric logging and testing
programme of the deepest three zones in the sidetrack well.

* This programme has determined that the deepest three zones in the sidetrack
well are non-commercial, despite encouraging preliminary indications.
Consequently the sidetrack has been plugged and abandoned.

* A fourth shallower zone remains to be tested. This is located behind the 7
inch liner. Indications of a natural gas-bearing zone were recorded over an
approximate interval of 25 feet.

* A work-over rig will be utilised to test and evaluate this fourth zone.
This testing programme will commence within the next six weeks. The results
will be released to the market as they become available.

* The Parker 122 rig has commenced moving to the next location in the
drilling programme.

* The Kindee ST 949 #1 well will be drilled on the Wilson prospect, further
north on Padre Island.

* This well will test prospective zones in the upper Frio system This system
is different from the primary Middle Frio objectives of Plum Deep. This is at
similar depths to where discoveries have been made elsewhere on Padre Island.
These include La Playa Deep and La Playa Shallow to the north, and Dunn Peach
# 6 to the south.

* The Board of Pantheon is obviously disappointed with the results of the
testing and sampling programme. Detailed evaluation of the data gathered will
now commence. This is expected to take some time and the conclusions may
impact on the rest of the drilling programme. As a result of the time
expected to be expended on the analysis of the data from Plum Deep, near term
drilling has shifted to the shallow prospect in Pantheon's portfolio, Wilson.

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.

prop - I am glad I did not come in.


Good luck but I think this is in a bit of trouble now.

cheers buddy...c'est la vie in this sector. I still own 3% of the company so it is a bit costly!

Rgds
PT

This is looking dire prop.

Are you still in?

I see this mornings note about the lapse of licenses as a disaster.

http://moneyam.uk-wire.com/cgi-bin/articles/200703230745355769T.html

Where does it go from here?

Chart for PANR

Don't think so............

The white candle is because of an update by GGP, not repeated here by PANR, they seem to be learning a lesson fromthe over bullisj Aussies.

The pudding is yet to be tested!

I think this will move now.
-------------------------------------

Pantheon Resources says initial test results on Wilson prospect successful
AFX


LONDON (Thomson Financial) - Pantheon Resources says initial test results from the first zone in its Wilson well on Padre Island were very successful.

Pantheon says the test resulted in a peak flow of 3.3 million cubic feet of natural gas through a 10/64 inch choke.

The company said a further three selected zones are to be tested over the coming weeks, and if similar results are obtained it is possible the company will exceed its pre-drill reserve estimate of 21 billion cubic feet.

Pantheon's Chairman, Sue Graham said: 'this successful initial test at Wilson represents a major and material event for a small company like Pantheon and builds on the exploratory success achieved at its Wharton Project'.



tf.TFN-Europe_newsdesk@thomson.com

ejp

Move, it certainly did. Well done to anyone who's in!