Pan Orient Announces Na Sanun-3 Testing

Pan Orient Energy Corp. said that its Na Sanun-3 ("NS-3") well, onshore Thailand, has been drilled to a total depth of 1,060 meters.

The equivalent of the productive volcanic interval at POE-9 and Na Sanun-1 ("NS-1") was encountered at 961 meters with a thickness of 77 meters. Oil shows were recorded while drilling through the top 20 meters of this interval. To isolate the interpreted water bearing zone encountered at NS-1 (which was drilled in 1994 by a previous operator), the decision was made to terminate the drilling of NS-3 at 1,060 meters, prior to penetrating the equivalent of this zone. Preliminary open hole log analysis suggests potential reservoir development very similar to that encountered at POE-9.

Upon casing of NS-3, the Aztec #7 rig will move to the next location, Na Sanun-4, and testing operations will immediately take place at NS-3, with perforations over the upper 20 meters of the main target volcanic zone. Initial testing results are anticipated in ten to twelve days. Extended testing will be required to confirm the hydrocarbon potential of this type of complex volcanic reservoir.

Pan Orient is a Calgary-based oil and gas exploration and production company with operations currently located onshore Thailand and in Western Canada.