Pan Orient Energy Corp.

Pan Orient Energy Corp.

April 25, 2007 07:30 ET

Pan Orient Announces Na Sanun-3 Testing

CALGARY, ALBERTA--(CCNMatthews - April 25, 2007) -


Pan Orient Energy Corp. (TSX VENTURE:POE) is pleased to announce that its Na Sanun-3 ("NS-3") well, onshore Thailand, has been drilled to a total depth of 1,060 meters. The equivalent of the productive volcanic interval at POE-9 and Na Sanun-1 ("NS-1") was encountered at 961 meters with a thickness of 77 meters. Oil shows were recorded while drilling through the top 20 meters of this interval. To isolate the interpreted water bearing zone encountered at NS-1 (which was drilled in 1994 by a previous operator), the decision was made to terminate the drilling of NS-3 at 1,060 meters, prior to penetrating the equivalent of this zone. Preliminary open hole log analysis suggests potential reservoir development very similar to that encountered at POE-9.

Upon casing of NS-3, the Aztec #7 rig will move to the next location, Na Sanun-4, and testing operations will immediately take place at NS-3, with perforations over the upper 20 meters of the main target volcanic zone. Initial testing results are anticipated in ten to twelve days. Extended testing will be required to confirm the hydrocarbon potential of this type of complex volcanic reservoir.

Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand and in Western Canada.

This news 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 news release includes, but is not limited to, references to: well drilling programs and drilling plans, estimates of reserves and potentially recoverable resources, and information on future production and project start-ups. By their very nature, the forward-looking statements contained in this news release require Pan Orient and its management to make assumptions that may not materialize or that may not be accurate. The forward-looking information contained in this news release is subject to known and unknown risks and uncertainties and other factors, which could cause actual results, expectations, achievements or performance to differ materially, including without limitation: imprecision of reserve estimates and estimates of recoverable quantities of oil, changes in project schedules, operating and reservoir performance, the effects of weather and climate change, the results of exploration and development drilling and related activities, demand for oil and gas, commercial negotiations, other technical and economic factors or revisions and other factors, many of which are beyond the control of Pan Orient. Although Pan Orient believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct.

40,056,842 common shares issued

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Pan Orient Energy Corp.
    Jeff Chisholm
    President and CEO
    (403) 294-1770
    Pan Orient Energy Corp.
    Jason Bednar
    Vice President Finance and CFO
    (403) 294-1770