Pan Orient Energy Corp., 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.

The SAGD project at Sawn Lake is in the pre-production stage. Andora holds working interests in 88 continuous sections of undeveloped heavy oilsands leases. Andora is the operator with a 100% interest in the 16 section South Block, operator with a 50% interest in the 12 section Central Block (and holds an additional 3% gross overriding royalty on a non-owned 40% working interest), operator with a 10% interest in 9 sections in the North Block, and holds 10% in 51 non-operated sections of the North Block. Sawn Lake is in an area with established infrastructure and year-round access.

Tags: Pan Orient Energy Corp.