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:

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?

(9/17/19)
"Pan Orient Energy Corp. hit a high-impact well in Thailand! I am not sure the market knows the importance. . .this will greatly derisk other eastern targets."

headshot of Bill Newman

Bill Newman, Mackie Research Capital

(9/17/19)
"This morning, Pan Orient Energy Corp. announced it has drilled a new oil discovery in Thailand and testing is expected to commence shortly. The company also announced that the construction of the well pad and road for the high-impact Anggun-1X well in Indonesia has been completed and drilling is expected to commence in 30–40 days."

Capital Cube

(9/12/19)
"For the quarter ending June 30, 2019, Pan Orient Energy Corp. recorded a net income of CA$1.54M (or CA$0.02/share), compared to a net loss of CA$0.18M for quarter ending June 30, 2018. The company has current assets of CA$29.77M and current liabilities of CA$1.47M, representing a working capital of CA$28.30M."

headshot of Bill Newman

Bill Newman, Mackie Research Capital

(8/21/19)
"This morning, Pan Orient Energy Corp. released its Q2/19 financial and operational results which showed a significant increase in production and cash flow as a result of the L53-DD oilfield that was discovered last year. . .net production in Q2/19 averaged 1,072 bbl/d, which was higher than our forecast of 900 boe/d and 111% higher than the Q1/19 average of 507 boe/d."

One of the partners provided an update on that project and another one in Indonesia.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(8/13/19)
"Pan Orient Energy Corp.'s oil production was very stable in July. It is a big plus here, indicating the decline is minimum. . .July came in at 3,094, actually higher than June!"

The company also is on the cusp of spudding an exploration well in Indonesia.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(7/9/19)
"The new Indonesia well is targeting +100–400 MMboe and gas net to Pan Orient Energy Corp.; it could be the largest discovery in Indonesia and one of the largest in the world in the recent years. If you put $10/bbl in the valuation—keep in mind that the larger the discovery is, the more value per barrel it commands—I can see the company can potentially be worth up to $100/share in the most optimistic case."

The quantity sold jumped about 274% from April to May.
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The company plans another exploration and appraisal drill program there this year.
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This oil and gas firm's latest news and future catalysts were covered in a Mackie Research Capital Corp. report.
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This milestone event comes five months after the company discovered oil in the area.
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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?
headshot of Bill Newman
Bill Newman, Senior Analyst, Energy – Mackie Research Capital

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