Thailand Operations UpdatePan Orient has completed the drilling and testing of two horizontal development wells at the Bo Rang B field and testing will commence the within the next 24 hours of a third horizontal well drilled on the NSE-E1 structure. A fourth horizontal development well is currently drilling on the NSE Central field.
The two Bo Rang B horizontals have been put on production at over 600 gross barrels of oil per day each (360 bopd net to Pan Orient each). Current production is approximately 4,600 barrels of oil per day net to Pan Orient with approximately 175 bopd of the total coming from the L53-A well in the L53/48 concession which is going into tank storage until the production license is granted.
Full scale development of the Bo Rang B, Bo Rang A, L44-W and NSE-F1discoveries made in 2009 will commence towards the end of April when four surface pads, capable of handling three wells per pad, are completed. This drilling is part of the remaining development well program planned for the remainder of 2010 with up to 27 wells utilising a single drilling rig. In the event of oil prices remaining near current levels, consideration will be given to utilizing a second rig to target the significant exploration potential that is currently undrilled on Pan Orient's Thailand acreage in Concession L44/43 and Concession L53/48.