POE Pan Orient Energy Corp

Pan Orient Energy Corp. ("Pan Orient" or the "Corporation") (TSX VENTURE:POE) is
pleased to provide an update on operations in Thailand, Indonesia and Canada. 


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

Thailand Oil Production

Oil sales averaged 1014 BOPD in September and 1026 BOPD over the past 30 days.
Current production is 1,035 BOPD with an additional approximately 150 BOPD
shut-in (60 BOPD at L53-A1 due to a failed pump and 90 BOPD at L53-G3ST1 due to
expiry of a 90 day production test period). On September 5, approval was
received to turn the L53-G2 well back on for a second 90 day test period that
will expire on December 6, 2013. One pump change out, one pump replacement and
two new zone perforations are planned on existing L53 wells between now and year
end with timing subject to well performance and equipment availability. 


L53 Operations

On September 27, Environmental Impact Assessment ("EIA") approval was received
for eight surface locations with four wells per location (thirty two wells
total). Three of these approved surface locations are over the high impact L53 A
Central prospect allowing the possibility to drill the well by year end 2013,
depending on rig availability. 


On September 9 the L53-G production EIA was submitted with approval anticipated
sometime between December 2013 and January 2014. On August 13 the production
license application for the L53-G discovery was submitted with approval
anticipated in November 2013. Both production EIA and production license
approval are required to commence long term production that is not subject to 90
day test periods. 


Work is currently underway on the EIA applications for six surface locations on
L53 and two surface locations on L45 with submission anticipated in November
2013. Two of the L53 surface locations are over the highly prospective A North
prospect located in the northern portion of L53 that was identified on the new
3D seismic acquired in 2013. Tentative plans are for the drilling of the A North
prospect and one well in L45 in late Q2 2014.  


Canada Operations 

Sawn Lake Heavy Oil Project (Andora Energy (owned 71.2% by Pan Orient) 50% &
Operator)


The demonstration project at Swan Lake has started with an initial phase
consisting of one SAGD well pair, a facility for steam generation, water
handling and oil treating, and water source and disposal facilities with an
estimated gross cost of $24.1-million. The wells will be drilled to a true
vertical depth of approximately 650 meters and have a horizontal length of 750
meters. Work is about to commence with the drilling of the horizontal wells and
completion is anticipated by the end of October 2013. Steam operations are
anticipated to commence in early December, 2013 with first oil production
anticipated in the first quarter of 2014. 


Indonesia Operations 

Batu Gajah PSC (Pan Orient 77% and Operator)

Field acquisition has just been completed on 400 square kilometres of 3D seismic
acquired over the Raka, Takar, Rafa and western prospect areas. Processing and
mapping of the 3D data is anticipated to be completed by year end. The portion
of the 3D at Takar and Raka is targeting gas and oil down dip of zones that
tested or sampled gas in the 1980's at a time when there was a very poor
domestic gas market and infrastructure in this region. Structural/stratigraphic
closures are large in this area with seismically mapped maximum areal extents
between 25 and 32 square kilometers. The 3D in western region is following up on
350 feet of dead oil shows encountered in shallow sands in the unsuccessful
Shinta-1 well. 


As indicated by recent press releases made by the Singapore listed operator of
the Lemang PSC (directly adjacent to and west of a retained portion of POE's
Batu Gajah PSC), significant hydrocarbons have been encountered in two wells,
one located approximately 175 meters west from the Lemang/Batu Gajah PSC
boundary and another approximately 500 meters west of the shared boundary.
Mapping of 2D seismic data over these wells combined with 2D seismic acquired by
POE in 2010 indicates a portion of this structural closure extends into POE's
Batu Gajah PSC and perhaps the structural crest. Articles of the PSC contract
indicate that unitization will be mandatory in the event of a "shared" field.
POE is currently working on the front end requirements to drill a well on this
area. 


East Jabung PSC (Pan Orient 100% and Operator)

Field acquisition of the 430 line kilometres of 2D seismic at East Jabung is
underway and expected to be completed in January 2014. Processing mapping of
this data will follow two to three months later 


South CPP PSC (Pan Orient 100% and Operator)

Preparations are underway to relinquish this PSC. 

Operations Summary 

Pan Orient is currently seeking to farm out a portion of the company's interests
in the Batu Gajah, East Jabung and Citarum PSC's. Initial response has been
strong from a wide range of companies. It is expected that farmout activities
will extend into early 2014 and be followed by drilling in mid 2014, subject to
a number of variables. 


Pan Orient possesses a geographically and technically diverse portfolio of high
quality, high impact exploration and production opportunities that have been
steadily progressed through seismic data acquisition, drilling and corporate
acquisitions. In the past few months, we have seen partial validation of POE's
belief in the underlying value of some of these assets including the Batu Gajah
PSC, through a discovery made on adjacent acreage, and the company's Sawn Lake
heavy oil project through the metrics of the sale of a portion of POE's
partner's interests. 


The upcoming six to eight month period will see the drilling of some of the best
prospects that POE has ever drilled in Thailand and first oil from the Sawn Lake
SAGD pilot project. Subject to the timing and success of farmout efforts, the
company will also see an active drilling program in 2014 in Indonesia that will
target some potentially very large prospects where success on any one could
materially transform the company.  


Please refer to www.panorient.ca where an updated corporate presentation is
available.  


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.


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. 


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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