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 Jay Taylor

Jay Taylor, Hotline

(8/12/22)
"Pan Orient Energy Corp. reported earnings of CA$4.8M, or CA$0.10/share, for Q2/22 and CA$7.2M, or CA$0.17/share, for H1/22. . .net to the company's 50.01% equity interest in the Thailand joint venture, oil sales from concession L53 in Q2/22 were 1,124 boe/d compared with 1,105 boe/d in Q1/22."

Jay Taylor, Hotline

(6/17/22)
"The contingent bitumen resources report released by Pan Orient Energy Corp.'s subsidiary, Andora Energy, reflects the development plan for Sawn Lake Central and Sawn Lake South of staged development with five standardized 'battery scale' steam-assisted gravity drainage facilities where growth is primarily funded by cash flow generated by the project. . .the unrisked 'Best Estimate' contingent resources for Andora are 292 MMbl of bitumen recoverable (209.6 MMbl net to Pan Orient’s 71.8% interest in Andora)."

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Bill Newman, Research Capital Corporation

(6/14/22)
"Pan Orient Energy Corp. announced an agreement to be acquired by a subsidiary of DIALOG Group Berhad of Malaysia for cash consideration about CA$0.99/share. Pan Orient will also transfer all of its non-Thailand assets, including its Sawn Lake heavy oil play located in northern Alberta, and CA$7.1M of working capital and long-term deposits, into a new company called CanAsia Energy Corp."

headshot of Chen Lin

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

(6/6/22)
"Pan Orient Energy Corp. is sold! After years of waiting, it is finally becoming a reality. My understanding is that the management negotiated hard on the selling price and finally got the price it wanted. . .I strongly recommend shareholders hold on to their shares."

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

(5/13/22)
"The president and major shareholder of Pan Orient Energy Corp. are planning to liquidate the assets of this company and pay out shareholders. . .with the stock currently selling at less than CA$1, if you own it, you may want to continue to do so."

Chen Lin
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Jay Taylor, Hotline

(3/18/22)
"Note that the large dip in Pan Orient Energy Corp.'s stock chart in February was due to the CA$0.40 payout to shareholders. . .I believe the company is considerably undervalued, especially at current energy prices."

More Expert Comments

Experts Following This Company

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Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks

Company News 

8/10/2022 – PAN ORIENT ENERGY CORP. - 2022 Second Quarter Financial & Operating Results

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