Pan Orient Energy Corp. is pleased to provide an update on the L53-DC1ST1 appraisal well on behalf of Pan Orient Energy (Siam) Ltd., in which Pan Orient Energy Corp. has a 50% ownership interest. Pan Orient Energy (Siam) Ltd. is the operator of Concession L53 with a 100% working interest.
The L53-DC1ST1 appraisal well has completed drilling to a total measured depth of 1,423 meters (930 meters true vertical depth) in what was a previously undrilled fault compartment through the shallow 'ZW' to deeper 'A4' sandstone target levels.
The deepest portion of the well encountered the 'A6' and 'A6U' sands within a fault compartment that had been drilled by earlier wells, and had oil pay interpreted over the 'A6' and 'A6U' zones in this well.
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Pan Orient Energy Corp.
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