Pan Orient Energy Corp.: Operations Update

Company Pan Orient Energy Corp. 
Tags Strategy - Corporate
Date July 04, 2019


Onshore Concession L53 (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership)

Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) is pleased to announce that Concession L53 oil sales averaged 3,079 BOPD (1,540 BOPD net to Pan Orient's 50.01% equity interest) for the month of June, a monthly record for the concession going back to 2010.


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

Pan Orient has been informed by the operator of the East Jabung Production Sharing Contract (“PSC”) that the drilling rig contract for the upcoming Anggun-1X exploration well has been awarded.

A pre-well spud meeting will be held in Jakarta on July 11, 2019.  Drilling rig mobilization is anticipated to start sometime between July 25th and August 2nd and the commencement of drilling is anticipated between August 24th to September 11th.

The July 4, 2019 Pan Orient Annual and Special Meeting presentation is available on the Company’s website: .

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