Pan Orient Energy Corp.
TSX VENTURE : POE

Pan Orient Energy Corp.

July 05, 2017 16:30 ET

Pan Orient Energy Corp.: AYU-1X Drilling Update

CALGARY, ALBERTA--(Marketwired - July 5, 2017) - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSX VENTURE:POE) is providing an operations update.

INDONESIA

East Jabung PSC (Pan Orient 49% & Non Operator)

The operator of the East Jabung PSC has advised that the commencement of the AYU-1X exploration well has been revised to July 20, 2017 as a result of delays experienced during Ramadan.

It is anticipated there will be no further updates regarding the AYU-1X well until drilling has been completed, which is estimated at 32 days from the commencement of drilling.

For further information regarding the AYU-1X exploration well, please refer to the Company's presentation for the 2017 Annual and Special Meeting of Shareholders found on the corporate website at www.panorient.ca.

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 drilling plans in Indonesia. 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.

Contact Information

  • Pan Orient Energy Corp.
    Jeff Chisholm
    President and CEO (located in Bangkok, Thailand)
    jeff@panorient.ca

    Bill Ostlund
    Vice President Finance and CFO
    (403) 294-1770