Press Release Navigation

<<< Previous


Next >>>



TSX VENTURE SYMBOL: POE - | View Quote |  View Chart |  View Financials | 

Pan Orient Provides Sawn Lake Sample Lab Analysis

Apr 12, 2006 - 23:56 ET

CALGARY, ALBERTA--(CCNMatthews - April 12, 2006) -


Further to its March 30, 2006, news release, Pan Orient Energy Corp. (TSX VENTURE:POE) ("Pan Orient") is pleased to announce the lab analysis results of fourteen water samples taken during production testing of the 1-36 Sawn Lake well (Pan Orient 10% W.I.).

Total chlorides of the 1-36 water samples ranged from a low of 5,459 ppm to a high of 8,189 ppm, averaging 6,969 ppm. Put into context, a laboratory analysed water sample from the nearby 10-03 well, drilled by another operator, swabbed through perforations clearly in the water leg of the Blue Sky formation, tested chlorides of 11,996 ppm, a difference of 5,027 ppm or 72%.

In addition to the lab analysis of the fourteen water samples, results have also been received for three oil samples taken during the production test of the 1-36 well. These samples indicated an oil gravity ranging from 9.33 to 10.79 API, averaging 10.08 API and viscosities of 3,873 to 17,469 cP at 25 degrees Celsius, averaging 11,978 cP. The results of the lab analysis of another 4 oil samples, some corresponding to the highest oil rate period of the test, are still being analysed.

Pan Orient President and CEO, Jeff Chisholm stated "Based on the lab analysis, we interpret the water encountered in the 1-36 well production test to be significantly less saline than the water encountered from the water leg of the Blue Sky formation in the nearby 10-03 well. Further, we believe that the likely source of the water encountered at the 1-36 well is not water drawn into the horizontal well bore from the water leg underlying the 11m oil column encountered in the vertical 1-36 well. Oil viscosities are within the range of cold production potential".

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

This news release contains forward-looking information. Forward-looking information is generally identifiable by the terminology used, such as "expect", "believe", "estimate, "should" "anticipate" and "potential" or other similar wording. Forward-looking information in this news release includes, but is not limited to, references to: sources of water production, interpretation of lab analysis relating to water production and expected future water production. By their very nature, the forward-looking statements contained in this news release require Pan Orient and its management to make assumptions that may not materialize or that may not be accurate. The forward-looking information contained in this news release is subject to known and unknown risks and uncertainties and other factors, which could cause actual results, expectations, achievements or performance to differ materially, including without limitation: imprecision of resource estimates and estimates of recoverable quantities of oil from resource plays, changes in project schedules, operating and reservoir performance, increased water production, the effects of weather and climate change, the results of exploration and development drilling and related activities, demand for oil and gas, commercial negotiations, other technical and economic factors or revisions and other factors, many of which are beyond the control of Pan Orient. Although Pan Orient believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

(27,681,973 common shares issued)

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Pan Orient Energy Corp.
Jeff Chisholm
President and CEO
(403) 294-1770


Pan Orient Energy Corp.
Jason Bednar
Vice President Finance and CFO
(403) 294-1770