Production Update-March 2007

Pantheon Resources PLC
11 April 2007

April 11, 2007

PANTHEON RESOURCES PLC

Production Update-March 2007

The Board of Pantheon Resources ('Pantheon') announces that the company's
combined production on a working interest basis averaged 107.5 thousand cubic
feet a day ('mcfd') in March 2007. First quarter 2007 production to Pantheon
averaged 87.6 mcfd. This represents over 2.5 times the 32.3 mcfd recorded for
fourth quarter 2006.

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    113.1    107.5

 Pantheon now has three producing fields in the Project Wharton area. Hopefully
this will be augmented by a fourth with the recent Baptist discovery. Despite
its current small size, production at Project Wharton is growing and providing a
more solid earnings base. The Company has at least a further 13 prospects on its
Project Wharton venture remaining to be drilled. The historic high exploration
success rate gives confidence for further growth.

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.

Contacts:

Pantheon Resources Plc
Sue Graham, Chairman                                     [phone]
Oriel Securities Limited
Scott Richardson Brown                                   [phone]




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