Production Update - May 2007

Pantheon Resources PLC
08 June 2007

June 8, 2007

PANTHEON RESOURCES PLC

Production Update-April 2007

The Board of Pantheon Resources ('Pantheon') announces that the company's
combined production on a working interest basis averaged 61.3 thousand cubic
feet a day ('mcfd') in May 2007.

Pantheon's historic monthly production is provided in Table 1.

Table 1: Monthly Net Production on Working Interest Basis (mcfd)

        Jan     Feb      Mar      Apr     May     Jun     Jul     Aug     Sept    Oct     Nov     Dec
2006                                                                      2.1     33.5    28.3    35.1
2007    42.1    113.1    107.5    79.6    61.3

 Pantheon now has three producing fields in the Project Wharton area. This
should be augmented shortly by a fourth with the Baptist discovery. The Company
has at least a further 13 prospects on its Project Wharton venture remaining to
be drilled. The historic high exploration success rate gives confidence for
further growth.

The Board of Pantheon also notifies the market that its website,
www.pantheonresources.com, complies with Rule 26 of the AIM Rules for Companies.

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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