Mr. Jeff Chisholm reports

PAN ORIENT ENERGY CORP.: THAILAND TRANSACTION FUNDS RECEIVED

Further to the Pan Orient Energy Corp. press release on Feb. 2, 2015, a wholly owned subsidiary of Sea Oil Public Co. Ltd. of Thailand has satisfied the conditions to closing, and accordingly, $42.5-million (U.S.) in wire transfers had been initiated to the account of Pan Orient. The company is pleased to announce that all wire transfers totalling $42.5 million (U.S.), including a $4-million (U.S.) deposit that had been held in escrow, have been received in the company's account.

As stated in an earlier press release, it is anticipated that net proceeds to Pan Orient, after closing adjustments and costs, will be approximately $40.9-million (U.S.) ($50.5-million). This net proceed amount is after the deduction of a 3-per-cent finder's fee paid to Epitome Consulting Ltd. of Singapore under an agreement dated April 5, 2014.

We seek Safe Harbor.