Page 01

October 2013

Page 02

Cautionary Statement

This presentation contains forward looking statements which involve subjective judgment and analysis and are

subject to significant uncertainties, risks and contingencies including those risk factors associated with the oil and

gas industry, many of which are outside the control of and may be unknown to Pan Orient. No representation,

warranty or assurance, express or implied, is given or made in relation to any forward looking statement. In particular,

no representation, warranty or assumption, express or implied, is given in relation to any underlying assumption or

that any forward looking statement will be achieved. Actual and future events may vary materially from the forward

looking statements and the assumptions on which the forward looking statements were based.

Given these uncertainties, readers are cautioned not to place undue reliance on such forward looking statements, and

should rely on their own independent enquiries, investigations and advice regarding information contained in this

presentation. Any reliance by a reader on the information contained in this presentation is wholly at the readers own

risk.

Readers are cautioned that well test results are not necessarily indicative of long-term performance or of ultimate

recovery.

Pan Orient and its related bodies corporate and affiliates and their respective directors, partners, employees, agents

and advisors disclaim any liability for any direct, indirect or consequential loss or damages suffered by a person or

persons as a result of relying on any statement in, or omission from, this presentation. Subject to any continuing

obligations under applicable law or any relevant listing rules of the TSX-V, Pan Orient disclaims any obligation or

undertaking to disseminate any updates or revisions to any forward looking statements in this presentation to reflect

any change in expectations in relation to any forward looking statements or any such change in events, conditions or

circumstances on which any such statements were based.

Page 03

Capital Structure

Shares Outstanding 56.7 million

Shares Fully Diluted 62.0 million

Working Capital

(1 Jul 2013)

$54 million CDN

Debt nil

Market Capitalization $117million CDN

Current Share Price $2.07

Corporate Snapshot

3

Oil Reserves-Thailand – Barrels Dec 31/12 (NPV@10% after tax)

Proven 0.40 million ($18 million)

Proven + Probable 1.1million ($42 million)

Production (September) 1,014 BOPD + 151 bopd

shut-in

Contingent Resources Heavy Oil – Canada – Barrels Dec 31/12

1C 140 million

2C 154 million

Production Planned for early 2014 from

pilot project

Share price performance over last 12 months

Page 04

Introduction

• History of value creation onshore Thailand:

– Concessions L44 & L33 purchased October

2007 for $7.5 million and sold June 2012 for

$172 million

– September 2012 Return of capital to POE

shareholders of $0.75/share

• Concession L53 & L45 - Success with drill bit:

– Concession L53 signed in 2007 for a 3 year

work program commitment of $1.7 million

– 1 developed oil discovery at L53A and 2

undeveloped that were made in 2013 at L53D

East (shallow) & L53-G

– September production of ~1,014 BOPD with

an additional 150 bopd shut-in

– Significant remaining exploration upside

• Large, high impact, high quality Indonesia

exploration portfolio

• End Q2/13 working capital & deposits of $54

million

L53

East Jabung

Batu Gajah

South CPP

Exploration

Exploration & Production

L45

Page 05

SE Asian Assets

L53: 100% POE Operated 1,014 BOPD

Batu Gajah PSC: 77% POE Operated

Status: 400 km2 of 3D seismic just completed

Currently seeking a 40% partner

East Jabung PSC: 100% POE Operated

Status: 2D seismic underway, currently

seeking a 50% partner

South CPP PSC: 77% POE Operated

Status: Relinquished pending

Citarum PSC: 97% POE Operated

Status: Currently seeking a 40% partner

Exploration

Exploration & Production

2013 Remaining Work Program

Thailand

- 4 workovers ($2MM)

Indonesia

- 2D seismic East Jabung ($5MM)

Canada

- SAGD Pilot ($2MM)

L45: POE Farmed-in to earn up to 60%

with seismic program and two wells

Page 06

L53 Thailand

• 3 fields discovered

• L45 concession farm-in 2012

• 1MM bbls 2P reserves December

31, 2012 in L53

• 3 new pool oil discoveries at L53-D

East (shallow) & 1 new oil field

discovery at L53-G since the Dec

31, 2012 reserves assessment

• 260 square kms of new 3D seismic

finished acquisition June 2013

• 5 new exploration location EIA’S

approved on September 27/13

New 3D

Old 3D

Prospects

L53-A Field

L53-G Field

L53-D East Field

L53 L45

Oil Kitchen A

Oil Kitchen B

Mature Source

Kitchen

A North Prospect

A Central Prospect

Page 07

L53 Block Production chart

0

500

1000

1500

2000

2500

Dec

-09

Jan-1

0

Feb

-10

Mar

-10

Ap

r-1

0

May

-10

Jun-1

0

Jul-

10

Aug-1

0

Sep

-10

Oct

-10

No

v-1

0

Dec

-10

Jan-1

1

Feb

-11

Mar

-11

Ap

r-1

1

May

-11

Jun-1

1

Jul-

11

Aug-1

1

Sep

-11

Oct

-11

No

v-1

1

Dec

-11

Jan-1

2

Feb

-12

Mar

-12

Ap

r-1

2

May

-12

Jun-1

2

Jul-

12

Aug-1

2

Sep

-12

Oct

-12

No

v-1

2

Dec

-12

Jan-1

3

Feb

-13

Mar

-13

Ap

r-1

3

May

-13

Jun-1

3

Jul-

13

Aug-1

3

Sep

-13

BO

PD

Month

Crude Oil Production Chart Field Plot 2009 Onwards

All Wells

Reserves as estimated by Sproule at year end 2012. Excludes

Discoveries made at L53-G and L53-D East in 2013 that will be assessed at

Year end 2013

Page 08

2013 Thailand Cash Flow Metrics

500 BOPD 1,000 BOPD 1,500 BOPD 2,000 BOPD 2,500 BOPD

US$70 8 17 27 37 44

US$80 9 20 32 40 47

US$90 11 24 35 43 51

US$100 12 27 38 47 55

-

10

20

30

40

50

60

Pan Orient Estimated Annualized Concession L53 2013 Cash Flow (Cdn$ millions) Based on US$ Brent & Oil Sales per Day

Page 09

L53-D East Shallow

• 4 fault compartments have been

proven oil bearing at the shallow

sand level comprising approx 1.41

km2 in maximum areal extent with

10-40 meters of net oil pay

• 4 fault compartments remain un

drilled comprising maximum

structural closures of 1.28 km2

• Heavy ~14 degree API oil at depth of

approximately 450-550 meters which

creates certain operational challenges

currently being addressed

0.44 km2

0.44km2

0.54 km2

0.28 km2

0.40 km2

0.16 km2

0.43 km2

Proven: 1.41 km2

Undrilled: 1.28km2

L53-DC3

L53-DCEXT

L53-DC4ST1

A1 Sand Structure

L53-DC1

Page 010

A

A’

A A’

A Central Prospect

• Large ~15km2 in maximum areal extent, dominant regional high located

between the Kamphaeng Saen and Suphanburi source kitchens

• Clearly imaged on the 3D acquired in 2013

• Amplitude supported

• 3 surface locations with 4 wells each covering the structural closure

received EIA (environmental) approval on September 27/13

• Drilling planned for end 2013 depending on rig availability

Kamphaeng Saen

Kitchen

Suphanburi

Kitchen

A Central

DHI’s

DHI’s

40 km

5.4 km

Page 011

A North Prospect

PTTEP

Pan Orient

L53 A North

Prospect

U Thong Field 4.5mm BBLS

Cumulative production

DHI’s

A North Prospect

A’

A’

A

A

Page 012

B

A B

A

A North

2.25km2

1.13km2

0.88 km2

DHI’s

A North Prospect

PTTEP

Pan Orient

L53

Page 013

256 Bcf

750 Bcf

CATAKA -1

Citarum PSC Gas Fields Oil Fields Prospects Leads Gas

Pipeline Oil

Pipeline 2D Seismic

LODAYA -1

CITARUM OPERATIONS

JATAYU -1

Citarum PSC West Java

• Citarum PSC West Java (POE 97% & Operator)

• Large resource potential

• Currently seeking 40% WI partner

• Strongest domestic gas market in Indonesia

• Nearby infrastructure

• 1 dry hole, 1 sub commercial gas discovery and 2 wells

targeting the largest structural closures failed to reach their

objectives due to drilling difficulties

• Drilling planned post farmout

Jakarta

Page 014

Batu Gajah PSC

Gas Fields

Oil Fields

Gas Condensate Fields

Prospects

Pan Orient 3D Seismic 2013

Wells Drilled (POE)

East Jabung PSC

POE 100%

Akitara East

Rafa

Kemala

Raka

Takar

Sogo Utara

• Batu Gajah PSC South Sumatra (POE 77% &

Operator)

• Large resource potential– 9 prospects

• Expiry Jan 2017

• Seeking 40% WI partner

• 85 GOI/15 POE profit split on oil

• Drilling planned post farmout

Batu Gajah PSC Sumatra

Page 015

Akitara Discovery Area

• Ramba Energy the operator of the

Lemang PSC directly adjacent to the

POE operated Batu Gajah PSC recently

announced the third successful well in

to the Akitara structural closure

(Akitara-2)

• While POE has no access to any

information regarding the three wells

drilled by Ramba other than through

their press releases, we do have the

well coordinates provided through

various scout organizations and 2D

seismic data coverage over the area

• Akitara-1 was drilled approximately 175

meters from the concession boundary

and Selong-1 was drilled approximately

500 meters from the concession

boundary. The deviated Akitara-2 well

had a location at total depth

approximately 3 km from the

concession boundary

• It appears that at any given likely

structural spill point, approx 15-20% of

the structural closure on Ramba

acreage exists on POE acreage

including a large portion of the crest of

the structural closure. Indonesian

regulations state “shared” discoveries

must be unitized

1.5 KM

Time Structure Upper Talang Akar

Interpreted Maximum

17.4 km2

Interpreted Most Likely

9.6 km2

Interpreted Minimum

5.1 km2

Interpreted Minimum

1.7 km2

Interpreted Minimum

2.5 km2

Interpreted Minimum

3.2 km2

Akitara-2 TD location

Selong-1

Akitara-1

POE RAMBA PETROCHINA

Page 016 EAST JABUNG OPERATIONS

East Jabung PSC

Gas Fields

Oil Fields

Gas Condensate Fields

Prospects

Leads

Anggun

Prospect

2D Seismic Q4/13

Completion

2D Seismic Q4/13

Completion

• Pan Orient 100% & Operator

• Best fiscal terms in Western Indonesia 65%

GOI /35% Contractor profit split for oil (after

tax & after cost recovery)

• $7.5MM of work program commitments over 3

years (2 wells + seismic)

• Directly adjacent to the POE (77%) operated

Batu Gajah PSC

• 2D seismic underway, seeking a 50% partner

East Jabung PSC Sumatra

• Pan Orient 100% & Operator

• Best fiscal terms in Western Indonesia 65% GOI /35%

Contractor profit split for oil (after tax & after cost

recovery)

• Directly adjacent to the POE (77%) operated Batu

Gajah PSC

• 2D seismic underway, seeking a 50% partner

• Very large (>100 km2) exploration target at Anggun

prospect at multiple stratigraphic levels

• Drilling planned post farmout

Anggun

Prospect

Batu Gajah PSC

Gas Fields

Oil Fields

Gas Condensate Fields

Prospects Batu Gajah

Batu Raja Limestone Closure

Air Benakat Sandstone Closure

East Jabung PSC

Page 017

Anggun Prospect

Batu Raja

Target

Ketaling

Kitchen A

A’ A A’

Ketaling

Kitchen

Top Main

Oil

Batu Raja Closure

110 km2 in areal extent

E Ketaling

Field

Air Benakat Sandstone

targets

• Large prospect with 105 km2 maximum closure at

the Batu Raja limestone reef level and 130 km2

maximum closure at the Air Benakat sandstone

level

• Directly adjacent to a proven, thick, mature source

kitchen

• Dominant regional structural high in the basin

since Batu Raja depositional time making the

Anggun structure the focal point for the

accumulation of hydrocarbons

35 km

Air Benakat Closure

130 km2 in areal extent

Page 018

Sawn Lake, Alberta, Canada

• 154 million barrels of 2C contingent resources attributed to Pan Orient’s 71.8% ownership of Andora

• Andora is fully funded for the pilot with $24MM cash

• Drilling of the SAG-D horizontal well pair to commence early October, first oil is anticipated in the first quarter of 2014

• Maurel & Prom recently purchased a 30% net interest from Andora’s partner at a metric of approximately $0.75/recoverable 2C barrel

Millions of

barrels of

Heavy Oil High Best Low

Sawn Lake 180.3 154.0 140.0

NPV (10%)

Before Tax

(MM) $476 $351 $308

Sawn Lake Contingent Resources at December 31, 2012 (Pan Orient’s 71.8%)

Red

Earth

T79

R1

W5

R24 T98

Husky

Baytex

5th

Meri

dia

n

Sh

ell Penn

West

Sawn Lake

Koch

Page 019

Sawn Lake - Land Sawn Lake North

• 10% of 51 sections (non-operated)

• 100% of 9 sections

• 1.5MMbbls “Best Case” contingent

resources net to Andora

Sawn Lake Central

• 50% of 12 sections

• Designated Operator

• 138.7MMbbls “Best Case” contingent

resources net to Andora

• Approved Commercial SAGD Site

Sawn Lake South

• 100% of 16 sections

• 74.1MMbbls “Best Case” contingent

resources net to Andora

Pilot Location

Andora holds varying interests in 88 sections of

oil sands leases. Pan Orient Energy Corp owns

72.1% of Andora. Contingent Resource estimates

by Sproule at year end 2012

Page 020

Established Local Infrastructure

Rainbow

Crude Oil

Pipeline

Keyera 9”

Crude Oil

Pipeline

Nova 13” HP

Nat. Gas

Pipeline

All Season

Road

Existing Infrastructure!

All season roads

Facility site

Gas supply

Water Source &

Disposal options

Oil sales terminals

Local

…Service Co’s

…Contractors

…Suppliers

→ Cost Control

55 km

to Red

Earth

Creek

130 km to the town of Peace River

Sawn Lake Lands

Pilot Site

Page 021

Contacts

Pan Orient Energy Corp

Suite 1505, 505 3rd St SW

Calgary, Canada

Telephone: +1 403 294-1770

Fax: +1 403 294-1780

www.panorient.ca