High impact exploration success in a low oil and gas price world

Welcome to Pantheon Resources

  • We are an independent oil and gas exploration company incorporated in the UK and listed on London's Alternative Investment Market (ticker PANR).
  • In 2015 we made two groundbreaking commercial oil and gas discoveries in East Texas and followed that with three more successes since then.
  • The discoveries are helping to "crack the code" of a complex but prolific geological formation, the Eagle Ford sandstone, that has previously defied successful mapping.
  • The company expects its first production and cash flow in spring 2017.
  • Further drilling over the next 18 months will delineate the full extent of the recoverable reserves and initiate a multi-well development programme.
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The VOBM#2H sidetrack well in Polk County, onshore East Texas, has been drilled to a total measured depth of c.16,450 feet and will now be completed ahead of testing. Data from electronic logs indicates the presence of hydrocarbons in a potentially significant reservoir in the primary target, the Eagle Ford sandstone. A further update will be made once testing operations have been completed.

Pantheon Resources has appointed Phillip Gobe as its senior independent non-executive director. Mr. Gobe, 64, is based in Texas, USA and has over 40 years’ experience in the oil and gas industry, onshore and offshore USA. He is currently a non-executive director of Pioneer Natural Resources, an S&P 500 company, based in Texas, and also lead director of Scientific Drilling International Inc, the fifth largest provider of directional drilling and measurement equipment and operational services in the USA.

About Pantheon

Pantheon Resources plc (”Pantheon”) was formed in 2005 as an independent UK based oil and gas exploration company focused on hydrocarbon producing basins onshore or near shore in the Gulf of Mexico.

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Eagle Ford Sandstone Play

Pantheon’s CEO Jay Cheatham, a 40-year veteran of the US oil industry, describes the Eagle Ford sandstone play in East Texas as the “most exciting prospect I have been involved in during my entire industry career."

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Information for Investors

In accordance with AIM regulations we provide a wealth of detail about the company, including an extensive archive of financial reports, our latest presentations and share price and capital structure information. 

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T: +44 20 7484 5359 / E: contact@pantheonresources.com