Production Update - July 2007

Pantheon Resources PLC
06 August 2007

August 6, 2007

PANTHEON RESOURCES PLC

Production Update-July 2007

The Board of Pantheon Resources ('Pantheon') announces that the company's
combined production on a working interest basis averaged 105.9 thousand cubic
feet a day ('mcfd') in July 2007. This output is currently from Pantheon's four
fields in its Project Wharton venture.

A major event in the Company's development will occur with the commissioning of
the Wilson discovery (Pantheon 31.77% working interest). This is due before
end-August according to the Operator, despite heavy rains which delayed hook-up
of the Wilson ST949#1 well to the sales pipeline. The Operator has estimated a
gross production rate of between 2.5 to 3.5 million cubic feet a day ('mmcfd').
This equates to an output net to Pantheon of between 0.79 to 1.11 mmcfd.

Pantheon's historic monthly production is provided in Table 1.

Table 1: Monthly Net Production on Working Interest Basis (mcfd)

        Jan     Feb     Mar      Apr     May     Jun     Jul      Aug     Sept    Oct     Nov     Dec

2006                                                                      2.1     33.5    28.3    35.1

2007    42.1    95.4    107.5    79.6    61.3    81.3    105.9


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.

For further information on Pantheon Resources plc, see the website at
www.pantheonresources.com

Contacts:

Pantheon Resources Plc

Sue Graham, Chairman                                        [phone]

Oriel Securities Limited

Scott Richardson Brown                                      [phone]




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