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Pantheon Resources plc, ('Pantheon' or the 'Company'), the AIM-listed oil and gas exploration company active in the Gulf of Mexico, is pleased to announce that the Company's combined production, on a working interest basis, averaged 1220 thousand cubic feet a day (" mcfd ") plus 6 barrels oil per day ("bopd") in October 2007. This compares with 875 mcfd in September 2007.
Pantheon's historic monthly production is provided in Table 1.
Table 1 : Monthly Net Production on Working Interest Basis (mcfd)
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Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
2006 |
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|
|
|
|
|
|
|
2 |
34 |
28 |
35 |
2007 |
42 |
95 |
108 |
80 |
61 |
81 |
106 |
97 |
875 |
1220 |
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Pantheon's production numbers include the two newest discoveries; Dunn Deep #2 and Wilson, in addition to existing output from Pantheon's four fields in its Project Wharton venture; Baptist, Caddo, Mohawk and Zebu.
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.
Further Information: |
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Pantheon Resources Plc |
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| Sue Graham, Chairman |
+44 20 7379 0118 |
Oriel Securities Limited |
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Scott Richardson Brown |
+44 20 7710 7600 |
Media Enquiries |
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| Capital MS&L |
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Steffan Williams / Peter Curtain / Jennifer Martin
James.Madsen@capitalmsl.com |
+ 44 20 7307 5330 |
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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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