Mr. Jeff Chisholm reports
PAN ORIENT ENERGY CORP.: OPERATIONS UPDATE
Pan Orient Energy Corp.'s concession L53 oil sales averaged 3,079 barrels of oil per day (1,540 b/d net to Pan Orient's 50.01-per-cent equity interest) for the month of June, a monthly record for the concession going back to 2010.
East Jabung production sharing contract (Pan Orient 49 per cent and non-operator)
Pan Orient has been informed by the operator of the East Jabung production sharing contract that the drilling rig contract for the upcoming Anggun-1X exploration well has been awarded.
A prewell spud meeting will be held in Jakarta on July 11, 2019. Drilling rig mobilization is anticipated to start some time between July 25 and Aug. 2, and the commencement of drilling is anticipated between Aug. 24 to Sept. 11.
The July 4, 2019, Pan Orient annual and special meeting presentation is available on the company's website.
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, in Indonesia and in Western Canada.
We seek Safe Harbor.
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