POE:TSX.V

Pan Orient Energy Corp.

Pan Orient Energy is a Canadian publicly listed junior oil and natural gas company. The Company's principal properties are located in three diverse locations: In Thailand, the Company's 50% owned subsidiary Pan Orient Energy (Siam) Ltd. is operator with a 100% working interest in oil producing Concession L53/48 on-shore.


In Indonesia, the Company has interests in three production sharing contracts on-shore: Batu Gajah (77% and operated), Citarum (97% and operated); and East Jabung (49% and non-operated after farmout).

In Canada, the Company’s 71.8%-owned subsidiary Andora Energy Corporation holds interests ranging from 10% to 100% in 88 contiguous sections of heavy oil sands leases in the Sawn Lake Property which lies within the central Alberta Peace River Oil Sands area.
POE:TSX.V

Expert Comments:

The report outlines a development plan for the project.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(11/15/19)
"Pan Orient Energy Corp.'s Indonesia well was finally spudded two days ago! It will take about 20–30 days to reach total depth if everything goes smoothly. . .let's hope we have a nice Christmas gift after years of waiting."

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Bill Newman, Mackie Research Capital

(11/15/19)
"Pan Orient Energy Corp. released its Q3/19 financial and operational results which were in line with our forecasts; flush production from new discoveries in Thailand and boosted production resulted in strong funds flow generation of $6.4M in the quarter. The company also announced that the high impact Anggun-1X exploration well located in Indonesia has commenced drilling, with initial results expected in December 2019."

Two wells in Thailand are producing oil, and the drill program continues.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(11/12/19)
"Pan Orient Energy Corp. reported that the acceptance test will finish tomorrow, and supposedly the drilling will start soon afterward. . .the most important is the Indonesia drilling and then the Thai reserve after the drilling program starting January 2020."

The well is expected to be put in production within about seven days.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(10/30/19)
"From the historical data, I won't be surprised if Pan Orient Energy Corp.'s Thailand well to the south of the recent discovery produces around 200 bpd. The company is planning an aggressive drilling campaign in the north L53-DD field; we should have an update soon."

Veteran investor and newsletter writer Chen Lin explains the upside he sees with this energy company.
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Technical analyst Clive Maund explains why he believes this company with projects in Thailand and Indonesia is about ready to start another upleg.
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The well will be production tested after the required permit is obtained.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(10/8/19)
"Pan Orient Energy Corp. hit another high-impact well; this one is a little further away, called AA. . .Indonesia is moving closer; now the estimated spud date is before the end of this month. We are getting very close to the big target that we have been waiting for for years!"

The drill results and next steps are reviewed in a Mackie Research Capital Corp. report.
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Two joint venture projects, this one and another in Indonesia, continue moving forward.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(9/18/19)
"Right now, Pan Orient Energy Corp.'s Thailand net asset value, around CA$2.50 plus cash, should be trading at CA$3+ without any consideration of the ultra high-impact Indonesia drilling starting next month. Basically, I believe even if Indonesia fails, the current assets plus cash should be worth at least CA$3."

One of the partners provided an update on that project and another one in Indonesia.
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The company also is on the cusp of spudding an exploration well in Indonesia.
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The quantity sold jumped about 274% from April to May.
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More Expert Comments

Experts Following This Company

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Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund – CliveMaund.com
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Bill Newman, Senior Analyst, Energy – Mackie Research Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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