Production Update - June 2007

Pantheon Resources PLC
25 June 2007


June 25, 2007

PANTHEON RESOURCES PLC

Fourth Field Onstream At Project Wharton

The Board of Pantheon ('Pantheon') is pleased to report the start-up of
production at its fourth natural gas field in its Project Wharton venture. The
Baptist #1 well came onstream on June 19, 2007 at an initial rate of  310
thousand cubic feet of natural gas per day (mcfd). Pantheon has an 11.25%
working interest ('WI') in Baptist.

Output from Baptist will augment existing production from Pantheon's three other
natural gas fields, Caddo (18.75% WI), Mohawk (18.75% WI) and Zebu (9.375% WI).

A further two wells in and around the company's discoveries are currently
scheduled for late 2007. As these are not subject to the farm-in terms, they
would have a higher value to Pantheon, if successful.

Since its initial farm-into three projects in June 2006, Pantheon has farmed
into three more prospects and drilled six wells on Project Wharton. The current
interests and status of all prospects in which Pantheon has an interest are
shown in table 1

Table 1: Project Wharton and Pantheon's Interests

Prospect                          Pantheon Working Interest       Status

Zebu #1                                       9.375%              Producing
Caddo #1                                      18.75%              Producing
Dakota #1                                     18.75%              P&A non-commercial shows
Mohawk #1                                     18.75%              Producing
Baptist #1                                    11.50%              Producing
Kant #1                                       18.75%              P&A non-commercial shows

Source: Everest Resource Company

Project Wharton provides Pantheon with low risk plays to balance the higher risk
/reward plays at the PI Project Area. Overall exploration risk for the Project
Wharton prospects is regarded as low, ranging from 50% to 80%. This compares
with 15% to 36% for the deep JV of the PI Project Area.

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                                     [phone]

Oriel Securities Limited

Scott Richardson Brown                                   [phone]



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