主题：Buy POE! -- oiler2

The NS5-D1 well is a deviated development well that has been drilled to a depth of 906 meters (true vertical depth (\"TVD\")), approximately 400 meters south of the L44-H well within the central fault compartment of the Na Sanun East (\"NSE\") oil field. The target volcanic reservoir was encountered at an approximate depth of 878 meters TVD. Severe lost circulation was encountered while drilling through the approximately 46 meters (measured thickness) of target volcanic reservoir with mud losses totaling approximately 6,222 bbls at loss rates of 165 to 206 bbls/hr. Conventional logs indicate the best potential volcanic reservoir section encountered to date.

Of particular note, a new reservoir zone approximately 60 meters in measured thickness (33 meters true vertical thickness) of what is interpreted as highly porous and fractured volcanic tuffs, was encountered above the main volcanic reservoir section detailed above. Severe lost circulation with high mud gas readings and live oil at surface was encountered over this interval at 1,100, 1122.5, 1130 and 1,149 meters (MD) with corresponding mud losses of 14, 105, 77 and 85 bbls/hr. From a volumetric standpoint this is significant and marks the second time severely fractured, very porous volcanic tuffs have been encountered. The first occurrence was at POE-9 where a highly fractured 25 meter thick tuff exhibiting severe lost circulation was encountered above the main volcanic target, but never tested.

Testing is anticipated to be completed within the next 7 to 10 days.

NS6-D1 (60% WI & Operator)

The Aztec #7 rig is currently sidetracking to a subsurface location approximately 70 meters south west of the original target after prematurely crossing the main bounding fault of the southern fault compartment, prior to encountering the main volcanic reservoir. Sidetracking operations are anticipated to take approximately 7 to 10 days.

L44H-D1 (60% WI & Operator)

The Aztec #14 rig is currently rigging up on deviated appraisal location L44H-D1, located within the central fault compartment of the NSE oilfield with a subsurface target located approximately 700 meters north of the vertically drilled L44-H well. Drilling is anticipated to commence within the next 3 days and take approximately 14-20 additional days to completion.

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

This news release contains forward-looking information. Forward-looking information is generally identifiable by the terminology used, such as \"expect\", \"believe\", \"estimate\", \"should\", \"anticipate\" and \"potential\" or other similar wording. Forward-looking information in this news release includes, but is not limited to, references to: well drilling programs and drilling plans, estimates of reserves and potentially recoverable resources, and information on future production and project start-ups. By their very nature, the forward-looking statements contained in this news release require Pan Orient and its management to make assumptions that may not materialize or that may not be accurate. The forward-looking information contained in this news release is subject to known and unknown risks and uncertainties and other factors, which could cause actual results, expectations, achievements or performance to differ materially, including without limitation: imprecision of reserve estimates and estimates of recoverable quantities of oil, changes in project schedules, operating and reservoir performance, the effects of weather and climate change, the results of exploration and development drilling and related activities, demand for oil and gas, commercial negotiations, other technical and economic factors or revisions and other factors, many of which are beyond the control of Pan Orient. Although Pan Orient believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct.

41,634,842 common shares issued

FOR FURTHER INFORMATION PLEASE CONTACT:

Pan Orient Energy Corp.

Jeff Chisholm

President and CEO

(403) 294-1770

复 Operations Update

家园

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家园

NS5-D1 Tests at 240-440 bopd

Pan Orient Energy Corp.-Thailand: NS5-D1 Tests at 240-440 bopd

CALGARY, ALBERTA--(Marketwire - Nov. 19, 2007) - Pan Orient Energy Corp. (TSX VENTURE:POE) -

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

NS5-D1 Well (60% WI & Operator)

Pan Orient Energy Corp.\'s recently drilled Na Sanun East (\"NSE\") oil field well NS5-D1 has been flowing at rates of between 240 and 440 barrels per day (\"bopd\") of 35 degree API crude in addition to a BS&W currently averaging 4-6%. The well is on free flow through only the casing on a choke setting of 17/64 inch, and is currently shut-in on the tubing. Flowing casing head pressure is 60-120 psi and shut in tubing head pressure is 40 psi. The well will be put on beam pump over the next few days at which time it will be flowed through both the tubing and casing.

NS5-D1 was drilled within the central fault compartment of the NSE oil field, approximately 400 meters south of L44-H. The well penetrated the main volcanic reservoir in the structurally lowest position of any well drilled to date and reached total depth approximately 8 meters deeper than any previous well, below initially interpreted structural closure.

Current total field production capacity is now greater than 6,000 bopd with average deliveries to the refinery of over 5,000 bopd, the difference being the capacity of the current number of available trucks to deliver oil to the refinery. Trucking capacity is anticipated to increase to 5,800 bopd by month end. Negotiations are currently underway to bring on a third loading bay with 3,000 bopd capacity at the existing refinery and for a new sales contract at a second refinery, for an additional 6,000 bopd capacity, which would be subject to government approval of the Na Sanun East production license.

All other NSE wells continue to perform with restricted oil rates and very low water cuts.

L44H-D1 (60% WI & Operator)

The Aztec #14 rig is currently setting casing just above target on deviated well L44H-D1, located within the central fault compartment of the NSE structural closure with a subsurface target location approximately 700 meters south of L44-H. Total depth is anticipated to be reached within 5 days. This is the third well drilled into NSE\'s central fault compartment.

NS6-D1A Sidetrack (60% WI & Operator)

The Aztec #7 rig is currently setting casing just above target on deviated well NS6-D1A, located within the south fault compartment of the NSE structural closure approximately 400 meters north of the original POE-9 discovery well. Total depth is anticipated to be reached within 5 days. This is the fifth well drilled into NSE\'s southern fault compartment.

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

复 NS5-D1 Tests at 240-440 bopd

家园

What does this mean?

Too much technical stuff, is it good or bad?

复 What does this mean?

家园

It\'s not bad

Just not as good as we had expected.

复 Buy POE!

家园

井喷了

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