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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.
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.Â
