POE-2 is the first of a planned 6 well program to be completed by late August to early September 2006. Five wells will be drilled within the current Wichian Buri and Wichian Buri North producing areas targeting initial production of 100 to 150 bbl/d per well. A sixth well (POE-6), will be targeting a large, separate fault block that if successful, would vastly increase proven and probable reserves.
In addition to the current drilling activities detailed above, work is proceeding on a 15 to 20 exploration and appraisal well program anticipated to commence in early November 2006, post the monsoon period.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand and in Western Canada.
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