Drilling update

Pantheon Resources PLC
08 January 2008






Press release                                                    8 January 2008





         Pantheon Resources plc - Drilling Update on Nottoway Prospect



Pantheon Resources, the AIM-listed oil and gas exploration company active in the
Gulf of Mexico, is pleased to provide an update on the drilling of the Fay Weil
Ross et al #1 well on the Nottoway prospect in South Louisiana. The well drilled
out from 7 5/8 inch casing at 12,025 feet ('ft'). It has now reached 13,894 ft.
(measured depth). Natural gas shows were encountered while drilling.



Very high pressure was met at one of the deeper objectives. While trying to
control the well, the drill pipe became stuck in the hole. After consultation,
Petro-Hunt LLC, the Operator, has elected to come back up the hole to 11,850
ft., set a cement plug, sidetrack the well and drill to the original objectives.
The significance of the earlier natural gas shows will not be known until the
well bore penetrates the zones again and a well log is obtained across them.


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.







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.







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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