Pantheon Resources plc ("Pantheon" or the "Company"), the AIM-quoted oil and gas exploration company active onshore Gulf of Mexico, today announces its interim results for the period ended 31 December 2008. 

A full copy of the results will be available for access on the company's website at www.pantheonresources.com

KEY POINTS

• Continued implementation of Pantheon's new strategic plan under its CEO, Jay Cheatham.
• Drilling underway on the Company's two major projects; Bullseye and Tyler County.
• Loss for the period of £0.235million compares with £0.860million for the corresponding period ended 31 December 2007.
• Significant discovery announced with Jumonville #1 well on Bullseye prospect.
• Gross production from this well has averaged around 500 barrels of oil equivalent per day since coming onstream.
• Exploration continues at Bullseye as the Jumonville #2 well drills to a new deeper Cib Haz horizon. First of three main objectives, the Camerina, has been penetrated with oil and natural gas shows recorded on the mud logs. 
• First well spudded on Tyler County project. Well results to date have confirmed the technical case for the down-dip Austin Chalk play. Testing and production is now awaited.
• Pantheon is highly encouraged for the play which comprises over 25,000 acres and has the potential for up to 60 wells.
• Over the next few months further progress should be reported on the Company's two main projects.

Select the link below to view the complete announcement.