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Pan Orient Energy Corp. has announced the results of a recently completed third party engineer NI-51-101 compliant Prospective Resource Report for the Anggun Prospect, East Jabung Production Sharing Contract, Indonesia effective June 30, 2015 and conducted by Gaffney Cline & Associates.br />
- Mean estimated ultimate recoverable oil Prospective Resources of 44, 28 and 51 million barrels net to Pan Orient's 49% working interest in three respective potential reservoir horizons at the Anggun prospect.
- The Anggun Prospect at the Indonesia East Jabung PSC as at June 30, 2015 was evaluated by GCA. Prospective Resources are defined as those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective Resources have an associated geological chance of success. Prospective Resources are further classified as "High", "Best" and "Low" in accordance with the range of uncertainty. "Mean" refers to the expected average value of all possible successful outcomes. There is no certainty that any portion of the Prospective Resources will be discovered. If discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. Prospective Resource volumes are presented as unrisked.
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