Pan Orient Energy Corp.
TSX VENTURE : POE

Pan Orient Energy Corp.

June 18, 2008 17:33 ET

Pan Orient Issues 378,324 Shares for Citarum

CALGARY, ALBERTA--(Marketwire - June 18, 2008) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Pan Orient (TSX VENTURE:POE) has now issued 378,324 Common Shares to arm's length parties as part of the purchase consideration of the Citarum PSC, onshore West Java, Indonesia, as previously announced on June 12, 2008. Pan Orient now has 45,769,766 shares issued and outstanding. A cash finder's fee of $345,000 USD was also paid to an arm's length party.

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.

45,769,766 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
    or
    Pan Orient Energy Corp.
    Jason Bednar
    Vice President Finance and CFO
    (403) 294-1770
    Email: jason@panorient.ca