POE Pan Orient Energy Corp

Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE)
announced today that Edward Bush has been appointed as Chief Operating Officer
of the Corporation, based in Jakarta, Indonesia. Mr. Bush brings many years of
operations and drilling experience to Pan Orient, with over 30 years of oil &
gas industry experience, in both international and North American operations.
Mr. Bush has worked for several major and independent oil and gas companies in
various senior level positions involved primarily with drilling and operations,
and in numerous international locations and the Gulf of Mexico. Mr. Bush was Pan
Orient's Thailand Drilling Manager from 2007 to 2010 and Pan Orient's General
Manager in Thailand from 2010 until January 2012. Mr. Bush is rejoining Pan
Orient after spending one year as a country manager with a larger international
oil and gas company.


Indonesia Operations Update 

Citarum PSC (Pan Orient Operator and 97% Working Interest) 

In connection with his appointment, Mr. Bush has conducted a thorough review of
all Pan Orient's Indonesia drilling operations including, but not limited to,
equipment and personnel. As part of this review, the recommendation has been
made to immediately suspend the Cataka-1A well and release the current drilling
contractor. 


Cataka-1A has been drilled to a measured depth of 1,692 feet (true vertical
depth of 1,636 feet) and has been cased with 13 3/8 " casing. Directional
drilling continued in the 12 1/4 in hole section down to 2,527 feet, with
numerous issues encountered relative to the operation of the rig. As a result,
the decision has been made to suspend the well, by setting a number of cement
plugs from 2,527 feet to the casing shoe at 1,692 feet, until the June to July
2013 timeframe. The company is currently in negotiations with an established
operator for a 1000 horsepower drilling rig. The re-entry of the Cataka-1A well
will incorporate new equipment, contractors and personnel.


Batu Gajah PSC (Pan Orient Operator and 77% Working Interest) 

The drilling of Shinta-1, the first of three back-to-back appraisal /
exploration wells is anticipated to commence in late January to early February
2013. In addition to Shinta-1, Buana-1, an appraisal to the NTO-1 gas discovery,
and Kemala-1, an exploration prospect, will be drilled. The drilling contract
has been finalized for signature, and a notice to commence mobilization to
Shinta-1 has been issued. All location and access road construction is on
schedule. 


Please refer to the Pan Orient's website (www.panorient.ca) where an updated
corporate presentation can be viewed.


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


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pan Orient Energy Corp.
Jeff Chisholm
President and CEO
(403) 294-1770


Pan Orient Energy Corp.
Bill Ostlund
Vice President Finance and CFO
(403) 294-1770
www.panorient.ca

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