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Re: ChallengerSRT8 post# 2219

Tuesday, 11/28/2017 11:48:13 AM

Tuesday, November 28, 2017 11:48:13 AM

Post# of 2595
http://boereport.com/2017/11/16/2017-third-quarter-financial-operating-results/

Pan Orient’s 71.8% subsidiary Andora Energy Corporation continues to work towards a potential commercial expansion to 3200 BOPD at the Sawn Lake, Alberta steam assisted gravity drainage (“SAGD”) project (in which Andora has a 50% working interest and is the operator) using Andora’s proprietary produced water boiler technology.

CANADA

Sawn Lake (Operated by Andora, in which Pan Orient has a 71.8% ownership)

Pan Orient continues to move forward with engineering and identification of long lead time items towards potential expansion to 3200 BOPD and future development at Sawn Lake. Stable crude oil prices, and specifically higher Western Canada Select reference prices, will have a significant impact on any decision regarding the timing and extent of future development.

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