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Pantheon Resources plc (“Pantheon” or “the Company”), the AIM-quoted oil and gas exploration company active in Louisiana and Texas, today announces its interim results for the period ended 31 December 2010.
KEY POINTS
- Pantheon is currently preparing for the drilling of the Kara Farms #1H (“KF#1H”) well, the second well at its Tyler County venture.
- Progress continues, with the operator recently invoicing the JV partners for funds to complete both the site works for KF#1H and for the cost of the drilling pipe.
- Negotiations to contract a suitable drilling rig are currently in progress, while site works should commence shortly.
- Loss for the six month period ended 31 December 2010 was £379,218 (2009:£702,559 loss).
In accordance with the AIM Rules, the information in this announcement has been reviewed and signed off by Jay Cheatham, who has over 30 years' relevant experience within the sector.
For further information on Pantheon Resources plc, see the website at: www.pantheonresources.com
Further information |
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Pantheon Resources Plc |
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Jay Cheatham, CEO
Justin Hondris, Director, Finance and Corporate Development |
+44 20 7484 5359
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Oriel Securities Limited (Nominated Adviser) |
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Michael Shaw
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+44 20 7710 7600 |
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Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement
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