Pantheon Resources - US Gas Play

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 beundertaken.

* 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.