Pantheon Resources PLC
02 January 2007
January 2, 2007
PANTHEON RESOURCES PLC
Second Coring Operation Underway
• The Kindee ST 212 #1 well on the Plum Deep structure was spudded on 1
August 2006 (Texas, USA).
• Coring operations have begun at a measured depth of 15,103 feet ('ft')'.
This will collect a second and final core.
• Preliminary core analysis in this deeper zone is expected to be available
for evaluation in early January 2007. Subsequent operations will include
drilling to a planned measured depth of 15,400 ft.
• A comprehensive logging and sampling programme is planned, with results
available from that work by mid-January 2007.
• This programme is targeted to test the deepest zone which spans over 800
gross feet.
• The results of the core analysis and the logging programme in the deeper
zone should determine whether this zone is commercial.
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
This information is provided by RNS
The company news service from the London Stock Exchange ND
DRLSSDSWESWSESF