POE Pan Orient Energy Corp

Concession L53 Onshore Thailand (Pan Orient Operator and 100% Working Interest) 

L53-DC3 Appraisal Well 

Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is
pleased to announce that the L53-DC3 appraisal well is currently on a 90 day
production test producing 15 degree API oil by electrical submersible pump at a
rate of approximately 160 barrels of oil per day with an 8% water cut,
interpreted to be mainly completion brine based on the high salinity. Production
is from perforations across 15 meters (true vertical thickness) of oil pay in
the "A1" and shallower "HO" sands. The top and base of perforations are 512 and
547 meters true vertical depth respectively.


The well also encountered five meters of interpreted likely oil pay in the
deeper "A3" sand and three meters of possible oil pay in the "A2" sand.
Porosities in all these shallow sands average between 22% to 29%. 


Further drilling will be required to define the full extent of the L53-DC3 new
pool accumulation. 


The L53-DC3 well was drilled to a total measured depth of 1,050 meters (654
meters true vertical depth) from the L53-DC well pad targeting the structurally
highest fault compartment in the L53-D East field which had been previously
untested. The deeper "A4" to "A6 Upper" sands remain yet to be penetrated by any
well in this highest fault compartment and will be the focus of future drilling.



The results at L53-DC3 have demonstrated the ability to test relatively heavy
oil from very shallow depths at commercial rates. Where earlier exploration and
appraisal drilling in the L53-D East field had focused almost exclusively on the
deeper "A5" to "A8" and "C" sands, drilling at L53-DC1, L53-2 and L53-3 has
highlighted the potential of the "HO" and "A1" to "A4" shallow sands resulting
in the recognition of the significant remaining potential in at least four
undrilled fault compartments that form part of the L53-D East cluster.


L53-G3 and L53-G3ST1 Appraisal Wells 

The L53-G3 appraisal well was drilled to test a fault sliver in the southernmost
region of the L53-G structural closure that in the success case would have
substantially increased the southern extent of the accumulation discovered in
the L53-G2 well. The well failed to encounter oil in commercial quantities at
any of the four potential sandstone intervals. 


The L53-G3ST1, the second appraisal well to the L53-G2 oil discovery, has just
completed drilling to a measured depth of 1,500 meters (1,250 meters true
vertical depth) at a subsurface location approximately 350 meters south of the
L53-G2 oil discovery, and is currently logging. The primary objective of the
well is to evaluate the deep "K40-D" sands that were observed in the L53-G2
discovery well but never tested, in addition to the "K40-B", "K40-C" and "K40-A"
sands. 


Further outlook on Pan Orient's remaining 2013 Thailand activities will be
provided in the report for the first quarter of 2013 expected to be released
later this week.


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


Readers are cautioned that well test results are not necessarily indicative of
long-term performance or of ultimate recovery. 


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: well drilling programs and drilling plans, estimates
of reserves and potentially recoverable resources, and information on future
production and project start-ups. 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 reserve estimates and estimates of
recoverable quantities of oil, changes in project schedules, operating and
reservoir performance, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Pan Orient Energy Corp.
Jeff Chisholm
President and CEO (located in Bangkok, Thailand)
jeff@panorient.ca


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

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