Pan Orient drills Akeh-1 exploration well

By Romel S. Gurky

TSX-listed Pan Orient Energy Corp said the Akeh-1 exploration well in Batu Gajah PSC, onshore Sumatra, has been drilled and cased to a depth of 1,850 meters.

?On the basis of open hole wireline logs and formation pressure samples, a decision has been made to test three intervals interpreted as potentially hydrocarbon bearing within the primary target Lower Talang Akar formation,? Pan Orient said in a statement Thursday.

It added that testing is anticipated to be completed in approximately 14 to 21 days at which time a further update will be provided.

Pan Orient holds a 77 percent stake in the Batu Gajah PSC as the operator.

Editing by Reiner Simanjuntak