Management Change - Amendment

Pantheon Resources PLC
02 January 2008





Please note: The following announcement replaces the earlier release.  The
headline has been amended to Management Change.


Press release                                                    2 January 2008





        Pantheon Resources plc - Appointment of Chief Executive Officer


Pantheon Resources, the AIM-listed oil and gas exploration company active in the
Gulf of Mexico, is delighted to announce the appointment of a Chief Executive
Officer ('CEO'), John B. ('Jay') Cheatham. This is effective from 1st January
2008, subject to final contract.

Within a period of 21 months, Pantheon has gone from a pure exploration company
awaiting drilling on its first prospect to one with production from six wells
and more high impact prospects drilling or to be drilled. At this stage, the
board has considered that in order for the company to evolve further, the
appointment of a CEO was essential.

Jay has more than 35 years' experience in all aspects of the petroleum business.
He has extensive international experience in both oil and natural gas, primarily
for ARCO. At ARCO, Jay held a series of senior appointments. These include
Senior Vice President and District Manager (ARCO eastern District) with direct
responsibility for Gulf Coast US operations and exploration and President of
ARCO International where he had responsibility for all exploration and
production outside the U.S. Jay's most recent appointment has been as President
and CEO of Rolls-Royce Power Ventures, where he had the key responsibility for
restructuring the company.

Jay also has considerable financial skills in addition to his corporate and
operational expertise. He has acted as Chief Financial Officer for ARCO's US oil
and natural gas company (ARCO Oil & Gas). Moreover he has understanding of the
capital markets through his past position as CEO to the Petrogen Fund, a private
equity fund.

Sue Graham said 'The appointment of Jay as CEO heralds a crucial stage in
Pantheon's development and the board believes that the company is fortunate in
securing his services. His capabilities in all aspects of the oil and gas
business are especially relevant for a company such as Pantheon. Critically Jay
has familiarity with the US Gulf Coast region. In addition to running ARCO's
operations in the region, Jay was born in Louisiana and was the third generation
to run the family's independent exploration and production company. Over the
coming months, further positions are likely to be filled as Jay not only
develops but also implements Pantheon's next strategic steps.'

With this appointment, Sue Graham has assumed the role of non-executive Chairman
with immediate effect.


Full name:           John Bishop Cheatham (known as 'Jay')
Age:                 59

Jay Cheatham is, or has been, a director of or partner of the following 
companies or partnerships in the past five years:

Previous directorships / partnerships in the last five years:
2002 to present:    President and CEO of Rolls-Royce Power Ventures



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

- end -






Further information:



Pantheon Resources PLC
Jay Cheatham CEO                                                [phone]

Sue Graham, Chairman                                            [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