Drilling Update

Pantheon Resources PLC
02 April 2008


Press release                                                       2 April 2008

Update on Point Clair Prospect

Pantheon Resources, the AIM-Listed oil and gas exploration company active in the
Gulf of Mexico, issues this update on State Lease 19255 et al # 1 well in
Iberville Parish Louisiana (the Point Clair prospect.)

On 1 April 2008, Petro Hunt LLC, the operator and majority working interest
partner in the well, decided to plug and abandon the State lease 19555 et al # 1
well.  This decision was taken after running logs and a determination that the
objective zone was non-commercial.  Jay Cheatham CEO of Pantheon Resources said,
'Obviously we're disappointed in the outcome.  The zone was well developed, but
not commercially productive.'

The Point Clair well is part of Pantheon's high impact South Louisiana suite of
wells. Bullseye, also located in Iberville Parish, will be the next well to
spud, later this month.

In accordance with the AIM Rules, the information in this report 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
- end -


Further information:

Pantheon Resources PLC
Jay Cheatham, CEO                                           [phone]

Oriel Securities Limited
Scott Richardson Brown                                      [phone]


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.


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