Pan Orient Energy Corp.

Pan Orient Energy Corp.

May 21, 2009 20:14 ET

Pan Orient Energy Corp.: Option Grant to Director

CALGARY, ALBERTA--(Marketwire - May 21, 2009) - Pan Orient Energy Corp. ("Pan Orient") (TSX VENTURE:POE) announced today that it granted options to Paul D. Wright to purchase 100,000 common shares under Pan Orient's stock option plan. Mr. Wright is a Pan Orient director and the Chair of its audit committee. Each option has an exercise price of $5.20 (being the May 21, 2009 closing price of the shares on the TSX Venture Exchange), vests as to 25% on the grant date and 25% on each of the first, second and third anniversaries of the grant date and expires on May 21, 2014.

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.

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
    (403) 294-1770
    Pan Orient Energy Corp.
    Bill Ostlund
    Vice President Finance and CFO
    (403) 294-1770