Pan Orient Provides Update on Heavy Oil Demonstration Project at Sawn Lake, Alberta by Andora Energy Corporation
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 08/21/13 -- Pan Orient Energy Corp. (TSX VENTURE: POE), on behalf of its 71.8% owned subsidiary Andora Energy Corporation ("Andora"), is pleased to provide an update on Andora's Steam Assisted Gravity Drainage (SAGD) oil sands project at Sawn Lake in the Peace River oil sands area of Alberta, Canada.
Sawn Lake, Alberta Oil Sands Project
Sawn Lake Demonstration Project Operated by Andora
Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand, Indonesia and in Western Canada.
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 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 resource 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, participation by joint venture partners, 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.
Contacts:
Pan Orient Energy Corp.
Jeff Chisholm
President and CEO
(located in Bangkok, Thailand)
Pan Orient Energy Corp.
Bill Ostlund
Vice President Finance and CFO
(403) 294-1770
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.08.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 289699
Anzahl Zeichen: 0
contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Oil & Gas
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"Pan Orient Provides Update on Heavy Oil Demonstration Project at Sawn Lake, Alberta by Andora Energy Corporation"
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