Wilson Drilling Update

Pantheon Resources PLC
20 April 2007

                                                               April 20, 2007

PANTHEON RESOURCES PLC

Drilling Update on Wilson Prospect, Padre Island



  • The Kindee ST 212 #1 well on the Wilson Structure was spudded on 7
    February 2007 (Texas, USA).

  • Currently operations are being prepared to deviate around a stuck 7 inch
    liner at 8,500 feet (measured depth).

  • It is intended to re-drill the hole to 10,000 feet (measured depth). At
    this depth it is proposed to run 7 inch liner once more. Drilling is then
    scheduled to resume to the planned total depth of 12,400 feet (measured
    depth).

  • During the original attempt to run the liner the well bore collapsed. The
    liner became stuck when it had reached 9,300 feet. After several days of
    efforts to free the liner, only approximately 50% was retrieved.

  • It was assessed that further efforts to free the remaining liner would
    take much longer than it would to deviate and re-drill.

  • Current plans envisage that after the section is re-drilled with an 8 1/2
    inch bit it will be opened out to approximately 9 inches. The hole will then
    be conditioned and cleaned prior to running the liner.

  • After the 7' liner is run and cemented, drilling will continue to test the
    primary objectives in the Upper Frio system. Similar prospects have been
    found to be productive elsewhere on Padre Island..

  • Drilling to the planned total depth is estimated to take a further three
    weeks on a trouble-free basis. This includes re-drilling the lost section.

  • Gross best estimate potential reserves (previously described as 'P50
    potential reserves') for Wilson have been assessed at 9 billion cubic feet.

  • Pantheon's working interest in Wilson is 31.77%, subject to final
    documentation.

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]




                      This information is provided by RNS
            The company news service from the London Stock Exchange