Drilling Update

Pantheon Resources PLC
27 March 2008






Press release                                                  27 March 2008


        Pantheon Resources plc - Drilling Update on Point Clair Prospect


Pantheon Resources, the AIM-listed oil and gas exploration company active in the
Gulf of Mexico, issues this update on the drilling of State Lease 19255 et al #1
well in Iberville Parish, Louisiana (the Point Clair prospect).

On March 23, 7 5/8' casing was set at 11,035 feet. This was after a routine set
of logs was run. The well is now drilling out below 11,100 feet after testing
casing integrity. The well remains on budget and still above its objective zones


Pantheon is participating with a 7.5% working interest, carrying the farm-out
companies for a 25% back-in after project payout. All costs will be recovered by
Pantheon prior to back-in by the farm-out partners and no revenues will be
received by these companies until Pantheon attains payout.


The Point Clair well is part of Pantheon's high impact South Louisiana suite of
wells. Bullseye, also located in Iberville Parish, will be the next well to
spud.



In accordance with the AIM Rules, the information in this report has been
reviewed and signed off 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.



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