Trans-Orient Petroleum Releases Independent Resource Assessment of Unconventional Fractured Oil Shale Prospects



    
    Report Estimates Prospective Resources of 12.6 Billion Barrels of
    Hydrocarbon In Place Volume in Waipawa and Whangai Shales.
    

    VANCOUVER, Oct. 21 /CNW/ - Trans-Orient Petroleum Ltd. (OTCBB: TOPLF) is
pleased to announce that AJM Petroleum Consultants has completed a Resource
Assessment on the fractured oil-shale potential associated with the Company's
2.2 million acres (Trans-Orient 100%) located in the East Coast Basin of New
Zealand. The report dated September 1, 2008, was completed in accordance with
National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.
    Trans-Orient CEO Garth Johnson noted, "This report confirms our
interpretation that the onshore East Coast Basin of New Zealand is highly
prospective for a fractured oil shale play similar to the Bakken Formation
within the Williston Basin in Southern Saskatchewan and North Dakota. We were
originally attracted to the East Coast Basin of New Zealand by the hundreds of
active oil and gas seeps naturally occurring on our lands. We've tested a
number of these seeps and geochemically confirmed the sweet, light (500API)
crude oil is being generated from these two world class source rocks."
    Prospective resources have been assigned to Trans-Orient's land based on
well log data, core pyrolysis, and the Company's field measurement of outcrop
and oil and gas seep locations. The report concludes the best estimate (P50)
hydrocarbon in place volume of 12.6 billion barrels is the total available
volume (S(1) plus S(2)) for both the Waipawa and Whangai shales.
    Mr. Johnson further commented: "There have been a number of modern wells
drilled in the East Coast Basin targeting conventional exploration prospects,
but Trans-Orient will be a first mover in the Basin to leverage North American
knowledge and technology to test the unconventional potential of these
fractured oil shales in New Zealand. We control a 100% interest within the
2.2 million-acre Permit holdings; the P50 resource potential stated in the AJM
report (Original Oil In Place = 12.6 billion barrels) is based on less than
10% of those lands. We feel there is tremendous upside potential to both the
conventional prospects and the unconventional fractured oil shales within our
Permits."

    Headquartered in Calgary, Canada, AJM Petroleum Consultants employs over
70 staff members, and provides expertise in all areas of oil and gas,
including the unconventional reserves and resources of coalbed methane, tight
gas, shale gas, bitumen and heavy oil. Copies of the AJM report can be
accessed electronically through Trans-Orient's website at
http://www.transorient.com. The report has also been filed with the British
Columbia Securities Commission on the SEDAR website at http://www.sedar.com
    For more information on Trans-Orient's fractured shale prospects, please
visit our website at: http://www.transorient.com/fractured-shale.asp

    The term "Prospective Resources" refers to those quantities of petroleum
estimated, as of a given date, to be potentially recoverable from undiscovered
accumulations by application of future development projects. Prospective
Resources have both an associated chance of discovery and a chance of
development. There is no certainty that any portion of the resources will be
discovered. If discovered there is no certainty that it will be commercially
viable to produce any of the resources.

    Forward-Looking Statements: This release includes certain statements that
may be deemed to be "forward-looking statements" within the meaning of
applicable legislation. Other than statements of historical fact, all
statements in this release addressing future operations, undiscovered
hydrocarbon resource potential, exploration, potential reservoirs, prospects,
leads and other contingencies are forward-looking statements. Although
management believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance, and actual results may differ materially
from those in the forward-looking statements due to factors such as market
prices, exploration successes, continued availability of capital and
financing, and general economic, market, political or business conditions.
Please see our public filings at www.sedar.com for further information.





For further information:

For further information: Garth Johnson, CEO, (604) 682-6496,
http://www.transorient.com/

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