Toronto-listed independent Pan Orient Energy has made a new oil discovery, which it is preparing to test, on its L53 concession onshore Thailand.

The L53-DD6ST1 (AA) exploration well encountered approximately five metres of interpreted net oil pay within the CC sandstone.

This interpretation was based on open hole wireline logs, oil and gas shows observed while drilling, pressure data and analogue to the offsetting L53-DD oilfield wells.

The CC sandstone reservoir was encountered at a true vertical depth of 1031 metres, approximately half a kilometre northwest of the earlier L53-DD5ST1 (AA South) oil discovery.