This is the form of material change report required under section 85(1) of the Securities Act.
FORM 51-102F3
Securities Act
MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT
| Item 1. | Name and Address of Company |
| | |
| | Trans-Orient Petroleum Ltd. |
| | 999 Canada Place |
| | World Trade Center, Suite 404 |
| | Vancouver, B.C. V6C 3E2 |
| | |
| Item 2. | Date of Material Change |
| | |
| | On or about November 14, 2006 |
| | |
| Item 3. | News Release |
| | |
| | November 14, 2006, Vancouver, B.C. |
| | |
| Item 4. | Summary of Material Change |
Trans-Orient Wins 100% Control of 2.2 Million-Acre Exploration Area
Trans-Orient Petroleum Ltd. (OTCBB: TOPLF) announced today that it has been awarded a 100% interest in two onshore exploration areas (PEP 38348 and PEP 38349) totaling 2.2 million acres located in the East Coast Basin, New Zealand.
| Item 5. | Full Description of Material Change |
Vancouver BC, November 14--/PRNewswire-FirstCall/--Trans-Orient Petroleum Ltd. (OTCBB: TOPLF) announced today that it has been awarded a 100% interest in two onshore exploration areas (PEP 38348 and PEP 38349) totaling 2.2 million acres located in the East Coast Basin, New Zealand. Trans-Orient’s new acquisition is a culmination of several years of analysis of the area, and represents a strategic position in an under-explored basin that provides high-potential exploration and an unconventional resource opportunity.
Trans-Orient previously explored in the basin from 1998 through 2000, and identified numerous leads and prospects, some defined to near drill status. While most of the presently identified structures are developed at the Miocene sandstone play level, another high-upside play has emerged in the older fractured carbonaceous Waipawa and Whangai shales. These rocks are distinguished as the source of the significant quantities of hydrocarbons being generated in the basin, but have not yet been target drilled to examine their reservoir potential. Trans-Orient’s previous work in the area also identified structures containing these oil-rich shales; with improved drilling capabilities and modern completion technology, the potential for developing this unconventional resource has improved significantly.
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Trans-Orient's initial stage of exploration work will consist of ground geochemistry surveys to high-grade the best prospects for further seismic work, and to obtain a more regional picture of oil and gas concentration. Additional seismic surveys will also be acquired, and the best-ranked prospects in each permit area will then be selected for an upcoming drilling campaign.
Headquartered in Vancouver B.C., Trans-Orient Petroleum Ltd. is pursuing oil and gas opportunities in New Zealand and the Southeast Asia region.
Contact:
Dan Brown
(604) 682-6496
dbrown@iremco.com
www.transorient.com
| Item 6. | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102 |
| | |
| | N/A |
| | |
| Item 7. | Omitted Information |
| | |
| None |
| | |
| Item 8. | Executive Officer |
| | |
| Peter Loretto, President and Chief Executive Officer (604) 682-6496 |
| | |
| Item 9. | Date of Report |
| | |
| November 14, 2006 |
| | |
| “Peter Loretto”
_______________________________ |
| | |
| Peter Loretto, President/Chief Executive Officer |
| | |
| Place of Declaration: Vancouver, British Columbia |
