CALGARY, ALBERTA–(Marketwired – Sept. 1, 2015) – Pan Orient Energy Corp. (“Pan Orient”) (TSX VENTURE:POE) is pleased to announce the appointment of Richard M. Alexander as a director and a member of Pan Orient’s audit committee.
Mr. Alexander has over 35 years of experience in the oil and gas industry. He is presently the President and Chief Executive Officer and a director of Parallel Energy Trust and previously held senior positions with AltaGas Ltd., Niko Resources Ltd. and Husky Energy Inc. Mr. Alexander also is and has been a director of a number of public and private companies, currently including Oryx Petroleum Corporation Limited and Global Water Resources Corp. He holds a Bachelor of Business Management from Ryerson University and is a Certified Management Accountant and Chartered Financial Analyst.
In connection with Mr. Alexander’s appointment, Pan Orient granted options to him to purchase an aggregate of 250,000 common shares under its stock option plan. Each option has an exercise price of $1.29 (the August 31, 2015 closing price of the shares on the TSX Venture Exchange), vests as to one-third on the grant date and one-third on each of the first and second anniversaries of the grant date and expires on August 31, 2020.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand, Indonesia and in Western Canada.
This press release contains forward-looking information. Forward-looking information is generally identifiable by the terminology used, such as “expect”, “believe”, “estimate”, “should”, “anticipate” and “potential” or other similar wording. Forward-looking information in this press release includes references, express or implied, to the exercise or expiry of options and timing thereof. By its very nature, the forward-looking information contained in this press release requires Pan Orient and its management to make assumptions that may not materialize or that may not be accurate. In addition, the forward-looking information is subject to known and unknown risks and uncertainties and other factors, some of which are beyond the control of Pan Orient, which could cause actual results, expectations, achievements or performance to differ materially. Although Pan Orient believes that the expectations reflected in its forward-looking information are reasonable, it can give no assurances that those expectations will prove to be correct. Pan Orient undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Pan Orient Energy Corp.
Jeff Chisholm
President and CEO (located in Bangkok, Thailand)
Email: jeff@panorient.ca
Pan Orient Energy Corp.
Bill Ostlund
Vice President Finance and CFO
Telephone: (403) 294-1770