Annual & Special Meeting June 17, Page 01

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1 Annual & Special Meeting June 17, 2014 Page 01

2 Cautionary Statement Page 02 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.

3 Highlights Page 03 Sawn Lake Canada SAGD Demonstration Project CANADA First Steam injection commenced at the Sawn Lake, Canada, SAGD project. THAILAND 60% increase in YE 2013 Proven reserves & 38%-increase in Proven+Probable Thailand Concession L53 Definition of the A North group of prospects on 3D acquired in drilling planned in Q3/14 L53 Thailand Production & Exploration INDONESIA Significant progress on the soon to be concluded farm-out of a 49% interest in the East Jabung PSC, Indonesia 4 prospects brought to drill ready status by 3D/2D seismic acquired in 2013 Batu Gajah & East Jabung PSC s South Sumatra, Indonesia Exploration CORPORATE $44MMCDN working capital & deposits end Q1/14 Producing Exploration

4 2013/14 Seismic Set the Stage for Future Exploration Page 04 L53: 100% POE Operated 260 km 2 3D Seismic $6.5MM Identified the A North prospects Drilling Q3/14 Batu Gajah PSC: 100% POE Operated 400 km 2 3D Seismic $15.3MM High graded the Takar, Raka, and Rafa prospects Drilling post farmout Q4/14-Q1/15 East Jabung PSC: 100% POE Operated 440 Km 2D seismic $6.9MM Confirmed the Anggun prospect Drilling post farmout Q4/14-Q2/15

5 Success Case Relative Value Asset Portfolio Page 05 Seismic Drill Ready Prospects Drilling/Pilot Reserves Angun Prospect $34MM to drill (100% basis) Raka Prospect $29.5MM 2D/3D Seismic Takar Prospect L53 Exploration Selong Extension Sawn Lake SAG-D L53 Appraisal L53 Reserves Project Capture Sale

6 L53 Thailand Page 06 3 fields discovered to date 1.5 MM bbls 2P December 31, 2013 U-Thong Oilfield A Central Dry Hole L53 A North Prospects Oil Kitchen B Two low risk reserve addition opportunities at L53-D East to be drilled July 2014 Current Production ~900 bopd Oil Kitchen A D 260 square kms of new 3D seismic finished acquisition June 2013 L53-D East Field L53-A Field L53-G Field $7.7MM firm 2014 capital program that includes 1 exploration and 2 appraisal wells Prospects D

7 Thailand L53 Production Page 07 Well IP s of 250-1,000 BOPD 10 days to drill and complete L53-G Discovery $1.6MM/well completed for production L53-D Discovery L53-G PL Granted Stacked multi zone L53-A Appraisal Cum production to YE/13 of 931,558 bbls Two development wells planned in July 2014 L53-A Discovery L53-A PL Granted

8 Thailand L53 Cash Flow Metrics Page Pan Orient Estimated Annualized Concession L Cash Flow (Cdn$ millions) Based on US$ Brent & Oil Sales per Day BOPD 1,000 BOPD 1,500 BOPD 2,000 BOPD 2,500 BOPD US$ US$ US$ US$

9 L53-D East Undrilled Compartment Page 09 A A P P A Undrilled Compartment 2013 OWC 2013 OWC 7 Targets A Undrilled Compartment A4 Oil 0.5 km Proven oil bearing sands

10 Concession L53 A North Prospects Page 010 The A North prospects are a group of structural closures (6) with a combined maximum areal extent of approximately 9.76 km 2 U Thong Field 4.5mm BBLS Cumulative production Full coverage by 3D seismic acquired in 2013 Located on trend and 4.5 km south of the 4.5MM bbl cum produced PTTEP operated U-Thong field PTTEP Pan Orient L53 A North Prospects A North environmental permit expected in Q3/14 with drilling to follow shortly thereafter 2.0 km

11 L53 A North Prospect Page 011 W A North West A North A North East A North East 2 E Stacked Multiple sands W E 4.5 km

12 L53 A North East Prospects Page 012 N S Main Target Sands A North East Prospects 6.0km N S

13 East Jabung PSC - Indonesia Page 013 East Jabung PSC (POE 100% & Operator) Large resource potential 1 prospect + 5 leads Seeking 50% WI partner 65%GOI/35% POE profit split on oil best in Indonesia 60%GOI/40% POE profit split on gas Anggun-1 prospect ~100km 2 in maximum closure New 2D Seismic Acquisition Area

14 East Ketaling Graben Page 014 Very Large depo-center with a 997km2 area within the main oil and gas window Lightly explored due to remote location in the Merang Triangle East Jabung PSC Anggun Prospect Two fields sourced from this kitchen: East Ketaling: ABF sands (oil) Pulau Gading: BRF 250 Bcf + 30MMbbls condensate Anggun prospect is roughly equidistant to the deepest kitchen area as the Talisman operated Pulau Gading field which lies approximately 1,000+ meters deeper at the main target level Main Oil Window 18 km Pulau Gading Gas/Condensate 25 km Gelam Gas/Condensate Time Structure Basement

15 Anggun Prospect Page 015 A Anggun-1 A 103 km 2 ABF Sandstone Target A Gumai Sandstone Target Batu Raja Reef Target Anggun-1 1,300m planned TD A Stage 1 Reef Outline Stage 2 Reef Outline Forestry Approved Locations BRF Time Structure

16 Batu Gajah PSC Prospects Page 016 Batu Gajah PSC after last relinquishment Gas Fields Oil Fields Gas Condensate Fields Prospects 2D Seismic 3D Seismic Pan Orient 3D Seismic 2013 Wells Drilled (POE) Batu Gajah PSC (POE 77% & Operator) Batu Gajah PSC Gas Fields Large resource potential 6 Oil Fields prospect 4 drill ready Gas Condensate Fields Seeking 40% WI partner Prospects 85%GOI/15% POE profit split on oil 70%GOI/30% POE profit split on gas Akatara East Rafa Kemala East Jabung PSC POE 100% Sogo Utara Raka Takar

17 Akatara Extension Page 017 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 Selong-1 was drilled approximately 175 meters from the concession boundary and Akatara-1 was drilled approximately 1,800 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 Interpreted Most Likely 9.6 km KM Interpreted Minimum 5.1 km 2 Akatara-1 Gas Interpreted Maximum 17.4 km 2 Interpreted Minimum 1.7 km 2 Akatara-2 TD location Oil and Gas X RAMBA POE Interpreted Minimum 2.5 km 2 Time Structure Upper Talang Akar Selong-1 Oil and Gas PETROCHINA Interpreted Minimum 3.2 km 2

18 Raka Prospect Page 018 Tiung-1 (Shell 1988): 4.5MMcfg/d Tiung-2 (Shell 1988) drilled 100 m downdip from Tiung-2: 35MMcfg/d (80% CO2) From Tiung-1 pressure data: Estimated O/W: -2123m SS Estimated G/O contact : -1920m SS Tiung-1 Tiung-2 Combination structural/strat play looking for an oil leg down dip of gas Sand Absent LKG -1999m 0.9 km2 Areal extent of Gas on POE land: 0.62km 2 Raka-1 Proposed Well Interpreted areal extent of Oil: 32 km 2 Pressure Calculated OWC -2123m 32 km2 Depth Structure UTAF

19 Raka Prospect Page 019 A A Raka-1 Tiung-1 Tiung-2 Top UTAF Sand Absent LKG -1999m 0.9 km2 Sand Pinchout Raka-1 Proposed Well A A Pressure Calculated OWC -2123m 32 km2 Depth Structure UTAF

20 Raka Prospect Page 020 A A Tiung-1 Tiung-2 Raka-1 Tiung-1 Top UTAF Tiung-2 A UTAF Absent LKG -1999m 0.9 km2 Raka-1 Proposed Well Pressure Calculated OWC -2123m 32 km2 A Depth Structure UTAF

21 Takar Prospect Page 021 Time Structure Intra ABF Manismata-1 well was drilled by Shell in 1989 at a time when a market for gas in this area of Sumatra did not exist A High side compartment 7.9 km2 Manismata-1 32 m of net gas pay, much of this confirmed by RFT samples and pressures, was encountered in multiple ABF sands The majority of the gas charged sands are located in a down thrown fault compartment. Down thrown compartment 4.9 km2 A A ABF Top Gas GUF Base Gas A The much larger high side fault compartment has yet to be drilled

22 Takar Prospect Manismata-1 Well Gumai/ABF Page 022 Gas Wet Gas Gas Gas Likely Gas Likely Gas Net Pay: 37m Ave Poro: 23.55

23 Takar Prospect Lower Talang Akar Page 023 Below the 32 m of net gas pay in the ABF, another 37m of net gas pay was interpreted in the LTAF sands Multiple DST s run over the LTAF sands resulted in very low inflow. Shell stated they believed this was due to formation damage and the method of testing GWC 2450m? 34.3 km2 Manismata-1 Interestingly, the pressures from the 3 low gas influx DST s plotted on a 0.1psi/ft gas gradient inferring a possible gas/water contact at 2450m. Time Structure LTAF

24 Manismata LTAF Page 024 >200 meters Pressure data from DST s suggests a substantial (200 meter) gas column that conforms to a mapped structural closure on the new 3D

25 2014/15 Asia Work Program Page 025 If June 30 EIA Approval If July 30 EIA Approval

26 Sawn Lake, Alberta, Canada Page 026 Sawn Lake Contingent Resources at December 31, 2013 (Pan Orient s 71.8%) Millions of barrels of Heavy Oil - SAGD High Best Low Sawn Lake R24 T98 R1 W5 Andora Energy Corporation has interests in 88 sections of oil sand leases Sawn Lake Husky 5 th Meridian Pan Orient Energy Corp. owns 71.8% of Andora 154 million barrels of 2C contingent resources attributed to Pan Orient s 71.8% ownership of Andora (Andora has million barrels) T79 Baytex Sh ell Koch Penn West Red Earth Demonstration project commenced in 2013 and first stream injection in May 2014

27 Sawn Lake Oil Sand Leases Page 027 Sawn Lake North 10% of 51 sections (non-operated) 100% of 9 sections 1.5 MMbbls Best Case contingent resources net to Andora Sawn Lake Central 50% of 12 sections Designated Operator MMbbls Best Case contingent resources net to Andora Approved SAGD Demonstration Project underway at W5 Sawn Lake South 100% of 16 sections 74.1 MMbbls Best Case contingent resources net to Andora Andora holds varying interests in 88 sections of oil sands leases. Pan Orient Energy Corp owns 71.8% of Andora

28 Demonstration Project Phase 1 Page 028 Phase 1 First step in determining commercial viability of SAGD in this bluesky reservoir Provide indication of productivity of reservoir & stream / oil ratio SAGD well pair drilled in 4 th quarter of 2013 (depth of 650 meters & horizontal length 780 meters) Construction of SAGD facility for steam generation, water handling and oil treating, and installation of water facilities and pipeline Andora Energy is Operator and has a 50% working interest Sawn Lake Demonstration Project Facility at W5M

29 Demonstration Project Phase 1 Page 029 May 21, 2014 Commenced steam injection on injector & producer at tons/day per wellpair After 3 months of steam injection, bitumen production anticipated in August 2014 Phase 1 economics hoped to be near breakeven depending on production, steam/oil & cost of inputs Sawn Lake Demonstration Project Facility at W5M First Steam May 2014

30 Demonstration Project Phase 2 Page 030 Phase 2 Expansion 2014/2015 Obtain additional technical information Enhance economics by utilizing 7-30 SAGD facility for potential additional two SAGD well pairs Test proprietary water recycle technology Proceed with controlled expansion of Demonstration Project associated with 7-30 facility Front end work required for environmental approval, determine regulatory requirements and engineering design.

31 Contacts Page 031 Pan Orient Energy Corp Suite 1505, rd St SW Calgary, Canada Telephone: Fax: