CVN 2.50% 20.5¢ carnarvon energy limited

CALGARY, ALBERTA--(Marketwire - Jan. 25, 2010) - Pan Orient (TSX...

  1. 72 Posts.
    CALGARY, ALBERTA--(Marketwire - Jan. 25, 2010) - Pan Orient (TSX VENTURE:POE) is pleased to announce an update on operations and the 2010 capital program for Thailand and Indonesia. Highlights include:

    -- Thailand Concession L53 (100% WI and operator)
    -- L53-D exploration well - oil discovery tested at a restricted rate
    of 228 bopd
    -- L53-A exploration well - oil discovery tested with combined rate of
    337 bopd
    -- Thailand Concession L44 (60% WI and operator)
    -- Bo Rang "B" Field - BR-2ST2 horizontal appraisal well on production
    at 866 bopd
    -- High impact NSE-G3 exploration well targeting a new volcanic zone
    approaching target depth
    -- 2009 average production of 3,369 bopd (net) for the fourth quarter of
    2009
    -- 2009 exit production of 5,200 bopd (net) excluding test production from
    the L53 concession
    -- 2010 average production target of 6,000 bopd (net)
    -- 2010 capital program of CDN$67 million including 34 development and
    exploration wells in Thailand and seven Indonesian high impact
    exploration wells
 
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