Pantheon Resources plc confirmed that the VOBM#2H sidetrack well, 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. Drilling operations with this rig have now been completed at this location and a production liner will be run and the well bore cased. A lower cost workover rig will be contracted to undertake completion and flow testing of operations. A further update will be made once testing operations have been completed. The company also confirmed that completion operations are presently underway on the VOBM#4 well, following which the well will be tested. A further update will be issued at the end of testing operations.