Production Update

Pantheon Resources PLC
16 October 2007






Press release                                                    16 October 2007



                             Pantheon Resources plc

                   Production Updates on Wilson and Dunn Deep

Pantheon Resources plc, the AIM-listed oil and gas exploration company active in
the Gulf of Mexico, is pleased to announce production updates for both Dunn Deep
#2 and Wilson. The Wilson well came on-stream on 10 September 2007 at an initial
rate of 2.5 million cubic feet a day ('mmcfd'). By end September, average output
had risen to 3.1 mmcfd. This was slightly above the 3 mmcfd target announced at
the time of commissioning. Pantheon has a 31.77% working interest ('WI') in
Wilson.

Dunn Deep #2 commenced production on 17 September 17 2007 at an initial gross
rate of 3 mmcfd and 60 barrels a day ('bopd') of condensate. By end September
this had risen to an average stabilised rate of 4.8 mmcfd and 70 bopd of
condensate. This is toward the top end of the Operator's projected 4 to 5 mmcfd
range. Pantheon has a 7.5% WI in Dunn Deep #2.

Although the Company is encouraged by the early production performance of both
wells, it is important to caution that they remain in the preliminary stages of
development. The Wilson well, in particular, requires an extended period of
production testing to ascertain its ultimate long term performance profile. In
addition, this prolonged testing period will also assist in narrowing the
reserve estimate for the Wilson discovery.








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
 Sue Graham, Chairman                                      [phone]


Oriel Securities Limited
 Scott Richardson Brown                                    [phone]



Media enquiries:

Capital MS&L
 Steffan Williams / Peter Curtain / Jennifer Martin        [phone]
 [e-mail]









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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