October Page 01

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1 October 2013 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 Corporate Snapshot Page 03 Share price performance over last 12 months Capital Structure Shares Outstanding Shares Fully Diluted Working Capital (1 Jul 2013) Debt Market Capitalization 56.7 million 62.0 million $54 million CDN nil $117million CDN Current Share Price $2.07 Oil Reserves-Thailand Barrels Dec 31/12 after tax) Proven Proven + Probable Production (September) 0.40 million ($18 million) 1.1million ($42 million) 1,014 BOPD bopd shut-in Contingent Resources Heavy Oil Canada Barrels Dec 31/12 1C 2C Production 140 million 154 million Planned for early 2014 from pilot project 3

4 Introduction Page 04 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 L53 South CPP L45 East Jabung Batu Gajah Large, high impact, high quality Indonesia exploration portfolio End Q2/13 working capital & deposits of $54 million Exploration Exploration & Production

5 SE Asian Assets Page 05 Exploration L53: 100% POE Operated 1,014 BOPD Exploration & Production L45: POE Farmed-in to earn up to 60% with seismic program and two wells South CPP PSC: 77% POE Operated Status: Relinquished pending Batu Gajah PSC: 77% POE Operated Status: 400 km2 of 3D seismic just completed Currently seeking a 40% partner 2013 Remaining Work Program Citarum PSC: 97% POE Operated Status: Currently seeking a 40% partner East Jabung PSC: 100% POE Operated Status: 2D seismic underway, currently seeking a 50% partner Thailand - 4 workovers ($2MM) Indonesia - 2D seismic East Jabung ($5MM) Canada - SAGD Pilot ($2MM)

6 L53 Thailand Page 06 3 fields discovered L45 concession farm-in 2012 A North Prospect L53 L45 Oil Kitchen B 1MM bbls 2P reserves December 31, 2012 in L53 A Central Prospect New 3D 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 Oil Kitchen A Old 3D 260 square kms of new 3D seismic finished acquisition June 2013 L53-D East Field L53-A Field L53-G Field 5 new exploration location EIA S approved on September 27/13 Prospects Mature Source Kitchen

7 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13 Mar-13 Apr-13 May-13 Jun-13 Jul-13 Aug-13 Sep-13 BOPD L53 Block Production chart Page 07 Crude Oil Production Chart Field Plot 2009 Onwards All Wells Reserves as estimated by Sproule at year end Excludes Discoveries made at L53-G and L53-D East in 2013 that will be assessed at Year end Month

8 2013 Thailand 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 Shallow Page 09 4 fault compartments have been proven oil bearing at the shallow sand level comprising approx 1.41 km 2 in maximum areal extent with meters of net oil pay A1 Sand Structure 0.44km 2 4 fault compartments remain un drilled comprising maximum structural closures of 1.28 km km 2 Heavy ~14 degree API oil at depth of approximately meters which creates certain operational challenges currently being addressed 0.54 km 2 L53-DCEXT 0.28 km 2 L53-DC km km km 2 L53-DC4ST1 L53-DC3 Proven: 1.41 km 2 Undrilled: 1.28km 2

10 A Central Prospect Page 010 A A A Central DHI s DHI s Kamphaeng Saen Kitchen 5.4 km Suphanburi Kitchen 40 km A A Large ~15km 2 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

11 A North Prospect Page 011 A A DHI s U Thong Field 4.5mm BBLS Cumulative production A North Prospect PTTEP A Pan Orient L53 A North Prospect A

12 A North Prospect Page 012 PTTEP B Pan Orient L53 A North 2.25km km2 B A 1.13km2 DHI s A

13 Citarum PSC West Java CITARUM OPERATIONS Page 013 Jakarta 256 Bcf 750 Bcf JATAYU -1 Citarum PSC West Java (POE 97% & Operator) CATAKA -1 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 LODAYA -1 Citarum PSC Gas Fields Oil Fields Prospects Leads Gas Pipeline Oil Pipeline 2D Seismic

14 Batu Gajah PSC Sumatra Page 014 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 Pan Orient 3D Seismic 2013 Wells Drilled (POE) Batu Gajah PSC Gas Fields Oil Fields Gas Condensate Fields Prospects Akitara East Rafa Kemala East Jabung PSC POE 100% Sogo Utara Raka Takar

15 Akitara Discovery Area Page 015 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) Time Structure Upper Talang Akar Interpreted Maximum 17.4 km 2 Akitara-2 TD location 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 Interpreted Most Likely 9.6 km 2 Selong-1 Akitara-1 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 Interpreted Minimum 5.1 km 2 Interpreted Minimum 1.7 km 2 RAMBA POE Interpreted Minimum 2.5 km 2 PETROCHINA Interpreted Minimum 3.2 km 2

16 East Jabung PSC Sumatra EAST JABUNG OPERATIONS Page 016 East Jabung PSC Gas Fields Oil Fields Gas Condensate Fields Prospects Leads 2D Seismic Q4/13 Completion Batu Gajah PSC Gas Fields Oil Fields Gas Condensate Fields Prospects Batu Gajah Batu Raja Limestone Closure Air Benakat Sandstone Closure East Jabung PSC Pan Orient 100% & Operator Best fiscal terms in Western Indonesia 65% GOI /35% Contractor profit split for oil (after tax & after cost recovery) Pan Orient 100% & Operator Best fiscal terms in Western Indonesia 65% GOI /35% Contractor profit split for oil (after tax & after cost $7.5MM of work program commitments over 3 years (2 wells + seismic) recovery) Directly adjacent to the POE (77%) operated Batu Gajah PSC Directly adjacent to the POE (77%) operated Batu Gajah PSC 2D seismic underway, seeking a 50% partner Very large (>100 km 2 ) exploration target at Anggun prospect at multiple stratigraphic levels Drilling planned post farmout 2D seismic underway, seeking a 50% partner 2D Seismic Q4/13 Completion Anggun Prospect Anggun Prospect

17 Anggun Prospect Page 017 Batu Raja Closure 110 km 2 in areal extent A A A Air Benakat Sandstone targets Ketaling Kitchen A Air Benakat Closure 130 km 2 in areal extent E Ketaling Field Batu Raja Target Large prospect with 105 km 2 maximum closure at the Batu Raja limestone reef level and 130 km 2 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 Top Main Oil Ketaling Kitchen 35 km

18 Sawn Lake, Alberta, Canada Page 018 Sawn Lake Contingent Resources at December 31, 2012 (Pan Orient s 71.8%) Millions of barrels of Heavy Oil High Best Low Sawn Lake NPV (10%) Before Tax (MM) $476 $351 $308 R24 T98 Sawn Lake R1 W5 5 th Meridian Husky 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 Baytex Sh ell Koch Penn West Red Earth Drilling of the SAG-D horizontal well pair to commence early October, first oil is anticipated in the first quarter of 2014 T79 Maurel & Prom recently purchased a 30% net interest from Andora s partner at a metric of approximately $0.75/recoverable 2C barrel

19 Sawn Lake - Land Page 019 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 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 Pilot Location

20 Established Local Infrastructure Page 020 Existing Infrastructure! Sawn Lake Lands All season roads Facility site Gas supply Water Source & Disposal options Oil sales terminals Local Service Co s Contractors Suppliers Nova 13 HP Nat. Gas Pipeline All Season Road Rainbow Crude Oil Pipeline Keyera 9 Crude Oil Pipeline 55 km to Red Earth Creek Cost Control 130 km to the town of Peace River Pilot Site

21 Contacts Page 021 Pan Orient Energy Corp Suite 1505, rd St SW Calgary, Canada Telephone: Fax: