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eom7

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eom7

Re: Planopenny post# 67

Thursday, 03/29/2012 1:36:05 PM

Thursday, March 29, 2012 1:36:05 PM

Post# of 114
Canada
The Company's 53.4%-owned subsidiary Andora Energy Corporation ("Andora") holds interests ranging from 10% to 100% in 85.5 contiguous sections of heavy oil sands leases in the Sawn Lake Property which lies within the central Alberta Peace River Oil Sands area.



Sawn Lake Contingent Resources at Dec31, 201

14 MMbbl 2C contingent resources
attributed to Pan Orient’s 53.4% ownership
of Andora


• Process underway to enhance shareholder
value with all options considered:
– Outright or partial sale
– IPO
– Strategic investment/partne

http://www.panorient.ca/images/stories/file/presentation.pdf

p. 32
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