Pan Orient updates Indonesian ops

The following is an excerpt taken from Pan Orient Energy Corp.?s First Quarter 2010 report released on Thursday. (ed)

Batu Gajah PSC (Onshore South Sumatra)
A 500 kilometer seismic program over the 90% owned and operated Batu Gajah production sharing contract ("PSC") has been competed and tendering for all drilling and related services is currently underway. Negotiations are also underway for the surface land acquisition for two locations and the Ministry of Forestry approval for a third location has been submitted and is anticipated to be granted in July. Pan Orient is working on a timetable targeting an October 1, 2010 commencement of drilling for the first well of three back to back wells.

Citarum PSC (Onshore West Java, Pan Orient 69% WI and Operator)
An approximately 1,000 km 2D seismic program over the Citarum PSC is anticipated to be completed in July 2010. Two locations have been defined with the exact position of a third location subject to the completion of the remainder of the 2D seismic program. The timing of drilling of the first three wells on Citarum is anticipated to commence immediately upon the completion of drilling in Batu Gajah PSC in late Q4/10. (end of excerpt)