Drilling Report

Pantheon Resources PLC
29 April 2008



Press release                                                 Date 29 April 2008


             Pantheon Resources plc - Spudding of Bullseye Prospect

Pantheon Resources, the AIM-listed oil and gas exploration company active in the
Gulf of Mexico, is pleased to announce that the Jumonville #1 well in Iberville
Parish, Louisiana (Bullseye) spudded on 28 April 2008.

Jumonville #1 is a 14,000 foot test that is expected to take 60 days to drill to
the target zone.  Pantheon has a 15% working interest and 11.25% net revenue
interest in the play.  Golden Gate Petroleum is the operator of the drilling
operations.  The Bullseye target has a P-50 best fit reserve of 12.5 million
barrels of oil and 33 BCF gas.



In accordance with the AIM Rules, the information in this report has been 
reviewed and signed off by Jay Cheatham, who has over 30 years relevant 
experience within the sector.



For further information on Pantheon Resources plc, see the website at
www.pantheonresources.com

                                   - end -


Further information:

Pantheon Resources PLC
Jay Cheatham, CEO                                               [phone]

Oriel Securities Limited
Scott Richardson Brown                                          [phone]



Notes to editors:

Pantheon Resources plc

Pantheon Resources plc was formed in 2005 to be an independent gas exploration
company focused on hydrocarbon producing basins onshore or near shore the Gulf
of Mexico.  On 5 April 2006, Pantheon was admitted to the AIM, having
successfully raised £10m from a mix of quality institutional and private
investors.


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