CALGARY, ALBERTA–(Marketwired – Sept. 24, 2015) – Pan Orient Energy Corp. (TSX VENTURE:POE) –
Batu Gajah PSC, Onshore Sumatra Indonesia (POE 77% & Operator)
The Akeh-1 exploration well has been drilled and cased to a depth of 1,850 meters. On the basis of open hole wireline logs and formation pressure samples, a decision has been made to test three intervals interpreted as potentially hydrocarbon bearing within the primary target Lower Talang Akar formation. Testing is anticipated to be completed in approximately 14 to 21 days at which time a further update will be provided.
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, but is not limited to, references to well testing and the 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.
President and CEO (located in Bangkok, Thailand)
Pan Orient Energy Corp.
Vice President Finance and CFO