Nottoway Prospect update

Pantheon Resources PLC
28 January 2008







         Pantheon Resources plc - Drilling Update on Nottoway Prospect



Pantheon Resources, the AIM-listed oil and gas exploration company active in the
Gulf of Mexico, is pleased to provide an update on the drilling of the Fay Weil
Ross et al #1 well on the Nottoway prospect in South Louisiana.



Petro Hunt LLC, the operator has successfully sidetracked the stuck drill pipe
in the original well bore and is drilling ahead below 11,000 feet (measured
depth). Petro Hunt has a sidetrack drilling plan in place that will reach the
original target zones. Nottoway is a high impact oil and gas prospect for
Pantheon and part of a three well programme in South Louisiana.


Pantheon is participating with a 7.5% working interest, carrying the farm-out
companies for a 25% back-in after project payout. All costs will be recovered by
Pantheon prior to back-in by the farm-out partners and no revenues will be
received by these companies until Pantheon attains payout.







   In accordance with the AIM Rules, the information in this report has been
 reviewed and signed off Jay Cheatham,  BSc ChE, 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.



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