Pan Orient Energy Corp.

Pan Orient announced today that Mr. Paul Wright has resigned from the board of directors of the Company. Mr. Wright was the Chairman of the Audit Committee of the Company. The Company would like to thank Mr. Wright for his valuable and consistent contribution as a Pan Orient director and Chair of the Audit Committee for six years. Mr. Michael [...]

Pan Orient is providing its 2013 second quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day net to Pan Orient. The Corporation is today filing its unaudited consolidated financial statements as at and for the six months ended [...]

Pan Orient Energy, on behalf of its 71.8% owned subsidiary Andora Energy Corporation, is pleased to provide an update on Andora's Steam Assisted Gravity Drainage oil sands project at Sawn Lake in the Peace River oil sands area of Alberta. The SAGD project at Sawn Lake is in the pre-production stage. Andora holds working interests in 88 continuous [...]

The decision has made to abandon the Cataka-1A exploration well before reaching its Paragi Limestone primary objective. The well encountered numerous intervals of severely tectonically fractured shale that were highly unstable, particularly in this directionally drilled deviated well bore. The company believes that to continue drilling would not be [...]