pantheons interims, page-2

From the interim:

Pantheon Resources plc ("Pantheon" or "the Company") is preparing for the drilling of the Kara Farms #1H ("KF#1H") well. This will be the second well at its Tyler County venture. Negotiations to contract a suitable drilling rig are currently underway. Separately, the Joint Venture ("JV") is awaiting completion of the site works once the heavy equipment becomes available. The operator, Vision Operating Company LLC, has invoiced the JV partners for the funds required to complete both the site works for KF#1H and for the cost of the drilling pipe.