Corporate Snapshot Page 03 Share price performance over last 12 months Capital Structure Reserves-Thailand Barrels (NPV(10)after tax) Dec 31/10 Shares Outstanding 56. 7million Proven 7.36MM (170MM) Shares Fully Diluted 60.8…
SE Asia Portfolio Page 04 L33: 60% POE Operated Exploration Exploration & Production L53: 100% POE Operated L44 & SW1: 60% POE Operated 2012 Capital Program Thailand - 33 wells (20% exploration/80% development) -…
Estimated 2012 Thailand After Tax Cash Flow Page 05 20-Dec-11 Current Oil Production Pan Orient Annualized Thailand Cash Flow (CDN millions) L44 SW1 L33 L53 Based on US WTI & Oil Sales per Day 2,187 1,343 202 42 600 90 Oil Sales…
Pan Orient Oil Sales 2006-2011 Page 06 Thailand Oil Sales 2006 to 2011 (BOPD net to Pan Orient) 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009…
Pan Orient Oil Price versus Benchmarks Page 07 Pan Orient - Thailand Oil Sales Price per Barrel Vs WTI and Brent (US) 140.00 120.00 Thailand Crude 12% discount to WTI 100.00 80.00 60.00 Thailand Crude 12% premium to…
2012 Outlook Page 08 Working Capital & Deposits 2012 - WTI Price US per bbl CDN Millions Scenario of estimated 70.00 80.00 90.00 100.00 average of 2,500 BOPD for 2012 Thailand - Funds flow from operations 45 50 55 60 Thailand…
ICD* Technology Page 09 The first ICD (inflow control device ) pilot was run on a volcanic reservoir, angled horizontal well at Bo Rang field - BR-1RDST1 The purpose of the technology is to balance inflow across the entire…
BR-1RSDT1 Post Pilot Page 010 Shut-in with 100% water cut Post ICD: 200 Total bopd and 80% Fluid water cut Opened back up Water at 90% water cut and 50 bopd Oil
2012 L44/L33 Drilling Page 011 L33-1 L33-2 Field Concession Wells Timing Zone WBEXT L44 8 H1/12 E Sand WBEXT WBEXT L44 2 H1/12 D sand L33 WBEXT L44 2 hz ICD H1/12 WBV2 L44 & SW1A NSE North L44 1 H1/12 Volcanic NSE L44-W North…
WBEXT E Sand Development Page 012 4 producers, 40-500 bopd per well in fault compartments I & II 8 initial development locations in WBEXT-4 compartments I & 2 1 gas discovery (WBEXT-1F) with down dip oil most likely in V…
L53 Thailand Page 013 PROSPECTIVE RESOURCE ESTIMATES (Unrisked POE staff) 220 Km2 3D SURVEY Top Main Oil acquired 2007 Window Prospect Low Mid High name MMbbls MMbbls MMbbls L53 D East L53 E L53-H 3.1 5.9 9.9 L53 D 220…
L53-G Page 014 L53-G A A Top Main Oil 220 Km2 3D SURVEY acquired 2007 Window Target 1 PTTEP: KS-1: 330,000 BBLS CUM PRODN Target 2 A Target 3 Target 4 A L53 G
L53 3D Seismic Page 015 Basement Time Structure A large portion of the L53 PTTEP Oil Discovery concession north of the existing production has sparse seismic data 200 Km2 3D coverage Leads The potential of this northern…
L53 3D Seismic Page 016 Basement Time Structure A A PTTEP Oil Discovery 200 Km2 3D Lead A A Lead A A
L53 3D Seismic Page 017 Basement Time Structure A A PTTEP Oil Discovery A A 200 Km2 3D Lead B Lead B
Indonesia Page 018 Citarum PSC (77% POE) 3 well back to back exploration program commenced December 2011 Batu Gajah PSC (97% POE) East Jabung 1 gas discovery NTO-1 South CPP 2 well back to back exploration/appraisal…
Citarum PSC Page 019 2011 / 2012 Exploration Well 256 Bcf 780 Bcf Geulis-1 Cataka-1 POE: 77% and operator Jatayu-1 Drilling cost: 5.3MM USD/well (Untested) 75/25 after tax profit split for oil (60/40 gas) -…
Cataka-1 Page 020 Pasir Jati CATAKA-1 Gas Field A A Pasir Jati Gas Field A Parigi Reef Parigi Reef A Parigi Platform
Cataka-1 Page 021 CATAKA-1 A A Parigi Reef A Parigi A Platform
Cataka-1 Page 022 Un risked mid case prospective resources (100%)
Batu Gajah PSC Page 023 Gas Pipeline to Gas Pipeline to Singapore the Chevron Duri SE Tiung-1 Steam Flood Dry Hole Shinta-1 Kemala-1 Sogo Utara-1 NTO-1 Gas Discovery NTO-2 2012 EXPLORATION Batu Gajah PSC…
NTO-1 Gas Discovery Page 024 HKW MAX A HKW ML NTO-2 appraisal well LKG NTO-1 A
NTO-2 Page 025 NTO-2 A NTO-1 UTAF Oil Shows LTAF Gas NTO-2 appraisal well will be drilled 5.7 km east of NTO-1 and 627 structurally higher at the Upper Talang Akar target level Hydrocarbons are being targeted within…
NTO-2 Page 026 NTO-1 Wet/Oil shows NTO-2 Tuba Obi-1 (Shell 1938) Gas UTAF sand non deposition
Shinta-1 Page 027 A Shinta-1 A Gumai A DHI A DHI Intra Gumai Shinta-1 UTAF LTAF Shinta-1 is targeting a combined P50 Shinta A Shinta B prospective resource potential of 137MMbbls (oil case) or 404 Bcf…
Shinta-1 Page 028 East West Proposed South West Kabul-1 NE Betara Betra-1 Shinta-1 Air Benakat fm. Gumai fm. Intra GUF 244 BOPD Intra GumaiFm. 15 MMCFPD Upper Talangakar Fm. UTAF 115 BCPD LTAF Lower20Talangakar MMCFPD…
Sogo Utara-1 Page 029 LTAF Zero Edge 29.6 Km2 Sogo-1 A A Gumai: Tested Gas 59.5 Km2 A Sogo-1 LTAF Amplitude termination Sogo Utara Prospect POE Land Prospect A A very large structure (89.1 km2) along the zero edge…
East Jabung PSC Page 030 Pan Orient 100% & Operator East Jabung PSC Best fiscal terms in Western Indonesia 65/35 profit split for oil 7.5MM of work program commitments over 3 years (2 wells + seismic) Directly adjacent to…
East Jabung Anggun-1 Prospect Page 031 96 Km2 A A A Batu Raja Reef A Anggun-1 has mapped structural closure of between 96 to 105 km2 at 3 reservoir levels Estimated combined unrisked P50 prospective resources are in…
Sawn Lake, Alberta Page 032 Sawn Lake Contingent Resources at Dec31, 2010 MM bbls High Best Low Sawn Lake 250.80 214.20 194.50 R24 R1 T98 W5 Meridian NPV (10%) 5th BTax (MM) 757.7 415.3 216.7 Sawn Lake Husky…
Contacts Page 033 Pan Orient Energy Corp Suite 1505, 505 3rd St SW Calgary, Canada Telephone: +1 403 294-1770 Fax: +1 403 294-1780 www.panorient.ca