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Pan Orient Details 2016 Exploration Schedule
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Pan Orient Energy Corp. has reported 2016 first 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.
OutlookIndonesia
Batu Gajah, Onshore Sumatra Indonesia (Pan Orient 77% ownership & Operator)
The Company intends to submit an application for a two year extension in June 2016 which would allow the time required to finish drilling the Akeh-2 appraisal well, apply for "Release from Exploration Status" and move forward to prepare a Plan of Development to determine the likelihood of the commerciality of the Akeh-1 discovery. Discussions continue with a number of parties since December 2015 seeking a partner in the Batu Gajah PSC.East Jabung PSC, Onshore Sumatra…
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