Pan Orient Energy Reports L53-D2 Produces 1,015 Barrels Per Day

Pan Orient Energy Corp. (TSXV:POE) reported L53-D2 exploration well is producing 27 API degree oil at a rate of 1,015 barrels per day.

As quoted in the press release:

As announced on January 9, 2012, the L53-D2 exploration well encountered approximately 65 meters of interpreted net oil pay averaging 20% porosity within six sandstone reservoir intervals between the true vertical depths of 550 to 940 meters.

Click here to read the Pan Orient Energy Corp. (TSXV:POE) press release.