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Pan Orient Preps Three Exploration Wells for 2016
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Pan Orient Energy Corp. has reported 2015 year-end and fourth quarter consolidated financial and operating results.
All amounts are in Canadian dollars unless otherwise stated.
Outlook IndonesiaBatu Gajah, Onshore Sumatra Indonesia (Pan Orient 77% & Operator)
Pan Orient has received GOI approval for, and is currently preparing for the drilling of the Akeh-2 deviated appraisal well from the existing Akeh-1 well pad to further delineate the Akeh prospect as required to apply for "Release from Exploration Status". The Company intends to submit an application for a two year extension in June 2016. A two year extension 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…- ✓ Full news archive — U.S., Canada & international coverage
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