Mr. Jeff Chisholm reports

PAN ORIENT ENERGY CORP. OPERATIONS UPDATE

Pan Orient Energy Corp. has provided an operations update.

Indonesia

East Jabung production sharing contract (Pan Orient 49 per cent and non-operator)

Drilling of the Anggun-1X exploration well commenced on Nov. 14, 2019, and has reached a total depth of 1,232.7 metres within basement, after penetrating the main Gumai sandstone and Batu Raja limestone reservoir targets. Despite oil shows and some oil staining within a number of Gumai formation sandstones, wire-line sampling indicated minor amounts of oil and gas with predominantly water. The Batu Raja formation target interval proved to be a tight, low-permeability limestone with no reservoir potential.

Follow-up activities will include the immediate plugging and abandonment of the well, and withdrawal from the East Jabung production sharing contract at the expiry of the current contract year in January, 2020.

Go-forward corporate activity is now focused on the year-end 2019 Thailand reserves report, the January, 2020, Thailand multiwell exploration and appraisal drilling program, and determining the best means to maximize the value of the Sawn Lake heavy oil asset in Canada.

About Pan Orient Energy Corp.

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

We seek Safe Harbor.