Pan Orient to Drill Well in East Jabung 

At the East Jabung PSC, where Pan Orient is non-operator with a 49% ownership interest, preparations are underway for the drilling of the AYU-1X exploration well at the Anggun prospect pursuant to the terms of the 2015 farm-out agreement. The access road was completed in March and the first phase of rig mobilization started on May 8, 2017. Capital expenditures of $0.7 million during the first quarter of 2017 was spent for seismic reprocessing at the East Jabung PSC. Pan Orient also holds 77% ownership interest in Batu Gajah PSC.