Pantheon Resources - US Gas Play

17th October rns re: Caddo

'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'

Tuesday next will be 9 weeks from the date of this announcement. Must be news very soon

and the Mohawk rns of 9th October

'Electric logs analyses and formation tests have now confirmed the presence of
some 23 ft of net natural gas pay in the primary and secondary objectives. 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'

That will be 10 weeks old on Monday

I wonder what's going on at Wharton?

Negotiations with Everest possibly? Contemplation of the drill programme given that the premium farm-in arrangements have been satisfied across the four well programme?

What is significant to PANR however is the following:

'As this is not subject to the farm-in terms, it would have a higher value to Pantheon, if successful'

This terminology sits at the end of all drill results relating to Wharton. What is important here, is that the four well programme has opened up a second prospect at Mohawk, 6 prospects at Caddo, 1 at Zebu and 7 at Dakota.

Interesting times for PANR and loads of news to follow

Tone