POE:TSX.V

Pan Orient Energy Corp.

Pan Orient is a Canadian publicly listed (TSX-V: POE) junior oil and natural gas company based in Calgary, Alberta, Canada. The Company's principal properties are divided into three distinct groups: 1) partially developed concession located on-shore Thailand; 2) interest in a production sharing contract on-shore Indonesia; and 3) Canadian oil sand properties;

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 Thailand.

Indonesia
The Company has interests in the East Jabung production sharing contract on-shore Indonesia (49% and non-operated after farmout).

Canada
The Company's 71.8%-owned subsidiary Andora Energy Corporation ("Andora") 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. Andora is operator of a demonstration project at Sawn Lake which produced bitumen from one steam-assisted gravity drainage ("SAGD") well pair from September 2014 to February 2016.

POE:TSX.V

Expert Comments:

headshot of Bill Newman

Bill Newman, Research Capital Corporation

(5/14/21)
"Pan Orient Energy Corp.'s Q1/21 results were in line with our forecast. The company stated that the Thailand assets are at a mature stage, and it is considering selling the assets. . .Pan Orient remains in a strong financial position to develop and appraise its existing license in Thailand and to participate in future licensing rounds."

headshot of Chen Lin

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(5/13/21)
"Pan Orient Energy Corp. has been taking time to monetize its Thai assets, rightfully so, as the oil price is much higher than the reserve report of $48; $63, as the company indicated, probably is a better and fairer assumption. At the current oil price, Pan Orient's oil sand assets are probably worth some money as well."

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(5/11/21)
"Pan Orient Energy Corp. provided a very nice drilling update; it is producing at around 1,200–1,700 b/d net to the company. At the current oil price, it should generate almost US$2 million/month in cash flow; Pan Orient is crazily cheap considering its market cap is about CA$50M with no debt and a lot of cash."

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(5/6/21)
"Pan Orient Energy Corp. should be doing well at the current oil price; the company is buying back shares aggressively. . .its earnings at the current oil price will impress a lot of energy investors."

The work in progress at Pan Orient Energy's joint venture asset and the company's Q4/20 financial and operational results are discussed in a Mackie Research Capital Corp. report.
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headshot of Bill Newman

Bill Newman, Research Capital Corporation

(3/18/21)
"The L53-DD12 appraisal well is currently drilling at Pan Orient Energy Corp.'s joint venture concession in Thailand, which is expected to be followed by the L53-DD11 appraisal well. The appraisal drilling program is expected to be completed in April 2021, at which time the company 'will be in a position to best determine the future of the Thailand asset that would maximize shareholder value.'"

Pan Orient Energy reports the target of the first well, L53-DD10, is the AA sand in the L53-DD field.
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Pan Orient Energy announces the total proven oil reserves at the L53 Concession as of year-end 2020.
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headshot of Chen Lin

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(12/2/20)
"Pan Orient Energy Corp. released excellent drill results; this is its last drill hole for the year and likely for a long time. The next key news I am looking for is the reserve report around the end of January or early February. . .2021 could be the year that the company returns more capital to shareholders."

More Expert Comments

Experts Following This Company

headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation

Company News

5/13/2021 – Pan Orient Energy Corp. - 2021 First Quarter Financial & Operating Results

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