Wilson Drilling Update

Pantheon Resources PLC
13 April 2007


                                                                 April 13, 2007


PANTHEON RESOURCES PLC


Drilling Update on Wilson Prospect, Padre Island


  • The Kindee ST 212 #1 well on the Wilson Structure was spudded on 7
    February 2007 (Texas, USA).

  • Currently 7' liner is being run. The side track hole has been drilled
    to 9,954 feet (measured depth). The planned total depth of the well is
    12,400 feet (measured depth).

  • The natural gas zone encountered in a secondary objective has now been
    redrilled and electric logs run in order to evaluate it. The aim of running
    the electric logs was to identify any gas/water contact and thereby the
    thickness and quality of the natural gas zone.

  • The electric logs indicate that the section that caused the natural gas
    'kick' and water influx is predominately water-wet with no obvious gas/water 
    contact. It appears that the natural gas that flowed came only from
    the top two feet of the section.

  • While disappointing, this was not the primary target and represented only
    the first of three objectives.

  • There are also a number of thin sands totalling approximately 18 feet
    spread over a 1,000 ft interval that show potential to be natural gas
    bearing.

  • After the 7' liner is run and cemented, drilling will continue to test
    the primary objectives in the Upper Frio system. Similar prospects have been
    found to be productive elsewhere on Padre Island.

  • Drilling to the planned total depth is estimated to take a further two
    weeks on a trouble-free basis.

  • Gross best estimate potential reserves (previously described as 'P50
    potential reserves') for Wilson have been assessed at 9 billion cubic
    feet.

  • Pantheon's working interest in Wilson is 31.77%, subject to final
    documentation.

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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