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Sep 10, 2007 07:00 ET
Pan Orient Energy Corp.: Thailand Drilling Update

CALGARY, ALBERTA--(Marketwire - Sept. 10, 2007) - Pan Orient Energy Corp. (TSX VENTURE:POE) -

NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

L44-H Appraisal Well

L44-H is located approximately 3.25 kilometers north of the producing NS3-D1 well and is the first well located in the central fault compartment of the Na Sanun East ("NSE") structural closure. Success at L44-H would materially enlarge the area of defined hydrocarbons at NSE.

The main volcanic objective was penetrated at a depth of 866 meters and drilled to a total depth of 880 meters, penetrating the uppermost 14.5 meters. Lost circulation, an indicator of good reservoir quality, was encountered at 867 and 879 meters at mud loss rates of 60 barrels per hour in both instances. Free oil at the surface and elevated mud gas readings were observed immediately following the first mud losses at 867 meters.

In addition to main volcanic objective, a 7 meter thick volcanic tuff with good visible porosity and excellent oil shows was observed in combination with mud losses of approximately 60 barrels per hour at a depth of 854 meters.

Test results are anticipated within the next 7 days.

L44G-D1 Appraisal Well

The Aztec #14 rig is currently drilling ahead at 797 meters (TVD) with total depth anticipated to be reached within the next 3 to 5 days.

L44G-D1 is located in the north fault block of the seismically defined Na Sanun East structural closure, approximately 7.4 kilometers north of the producing NS3-D1 well.

Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand and in Western Canada.