POE Pan Orient Energy Corp

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

L53-DC4ST1 Appraisal Well

Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is
pleased to announce that the L53-DC4ST1 appraisal well encountered approximately
40 meters (true vertical thickness) of gross wire line log interpreted oil pay
in the "A1" and shallower "HO" sands. The well will be placed on test shortly
with the top and base of perforations between 473 and 504 meters true vertical
depth respectively. Porosities in all these shallow sands average approximately
25%.


The L53-DC4ST1 well was drilled to a total measured depth of 937 meters (678
meters true vertical depth) from the L53-DC well pad targeting the structurally
highest position within the structurally highest fault compartment in the L53-D
East field which had been previously untested. 


L53-DC4 Pilot Well

The L53-DC4 pilot well was drilled to test and evaluate the deeper "A5" to "A3"
sands prior to sidetracking and targeting of the shallower "HO" to "A2" sands in
the L53-DC4ST1 appraisal well detailed above. The well was drilled to a total
measured depth of 873 meters (846 meters true vertical depth) and encountered
approximately 40 meters (true vertical thickness) of gross oil pay within the
"A3" and "A4" sands between 577 and 651 meters true vertical depth. The "A3" and
"A4" sands encountered in this well will be targeted in a position approximately
15 meters structurally higher by the L53-DCEXT1 well which is expected to
commence drilling immediately after the currently drilling L53-DCEXT exploration
well. 


L53-DCEXT Exploration Well

The L53-DCEXT exploration well is currently setting casing just above target at
approximately 500 meters drilling towards "HO" to "A5" sandstone objectives
between a depth of approximately 520 to 742 meters. This well is within an
untested fault compartment northwest of the compartment containing the
L53-DC4ST1 well which is interpreted as being oil bearing as noted above. Upon
the completion of drilling the L53-DCEXT well, the rig will skid to the
L53-DCEXT1 cellar and commence drilling from the last available slot in the
L53-DC/DCEXT well pad.


The results L53-DC3 well which were announced on May 21st have demonstrated the
ability to test production of 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-A8" and "C" sands,
recent drilling has highlighted the potential of the "HO" and "A1-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-G3ST1 Appraisal Wells

The L53-G3ST1 well is currently producing 23 degree API oil at a rate of
approximately 120 barrels of oil per day with a 14% water cut, which is
interpreted to be mainly completion brine based on the salinity and early stage
of the test. Production is from two meters of perforations within the K40-D
sands. 


The L53-G3ST1 well, the second appraisal well to the L53-G2 oil discovery, was
drilled to a measured depth of 1,500 meters (1,250 meters true vertical depth)
with a subsurface target approximately 350 meters south of the L53-G2 oil
discovery and encountered approximately three meters of net oil pay within the
upper portion of the "K40-D" sand target at a true vertical depth of 1,111
meters. 


Thailand Production

Thailand oil production has averaged 819 in the first quarter of 2013 and 939
BOPD for April and May 2013. Thailand production on June 15 was 1,115 BOPD On
June 16 the L53-DC2 well sanded off shutting in approximately 175 BOPD which is
expected to be back on production within the next 7 days.


A workover at the L53-DC well successfully isolated a shallow HO sand interval
with cement but the oil produced was too viscous for the electrical submersible
pump. A progressive cavity pump is expected to rectify the situation when it
arrives in early July. An additional workover at the L53-DST3 well is expected
to be completed in the next two weeks. 


Indonesia - Citarum PSC L53 (Pan Orient Operator and 97% Working Interest) 

Cataka-1A Exploration Well

The Cataka-1A well is targeting the Parigi formation at a depth of approximately
2,300 meters. The Cataka-1A exploration well is currently drilling out cement at
the last pre re-entry casing shoe at 550 meters. The drilling rig has been on
location since late May, but was not accepted until early June due to a number
of equipment modifications that were required prior to the commencement of
drilling operations. Approximately the last seven days have been spent cementing
off a washout zone just below the casing shoe from which drilling operations
recommenced. It is expected that the well will be drilling ahead immediately
after the cement retainer is drilled out within the next day. 


An updated corporate presentation will be found on the Pan Orient website
(www.panorient.ca) at approximately 1:00 PM Mountain Standard Time on June 17,
2013.


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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