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:

Bill Newman, an analyst with Mackie Research Capital Corp., shared this energy firm's Q3/17 news.
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Bill Newman, Mackie Research Capital (11/16/17)
"In late November 2017, Pan Orient Energy Corp. plans to spud the L53AC-C1 exploration well. In addition, the company plans to complete a four-well workover program prior to year-end. . .as of Sept. 30, 2017, Pan Orient had no debt and positive working capital of $40.4M, including $40M of cash."

Mackie Research provided the recent results from one of the exploration wells this energy company co-owns in Indonesia.
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Bill Newman, Mackie Research Capital (10/13/17)
"We maintain our Buy recommendation and $3.25 target price on Pan Orient Energy Corp.'s strong financial position and high-impact exploration potential in Indonesia. . .the company and its partners have now entered the next phase of the East Jabung production sharing contract, which will allow for the drilling of the high impact ANGGUN-1X exploration well. . .[it] could commence late Q2/18 or early Q3/18."

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Bill Newman, Mackie Research Capital (8/28/17)
"Given the positive results from the AYU-1X exploration well, Pan Orient Energy Corp. and its joint venture partner have elected to immediately drill a sidetrack from the AYU-1X well bore targeting Lower Talang Akar sandstone which laps onto the AYU-1 high. The well is expected to take ~30 days to reach total depth, and Repsol will fund the first $5M of the well cost."

Bill Newman, Mackie Research Capital (8/17/17)
"We maintain our Buy recommendation and $3.25 target price on Pan Orient Energy Corp.'s strong financial position and high-impact exploration potential in Indonesia. . at June 30, 2017, the company had no debt and positive working capital of $45.9M. . .the AYU-1 prospect is large and, if successful, could have a substantial impact on the stock price."

A Calgary-based oil and gas exploration and production company announced that drilling has begun on its Sumatran property.
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Chen Lin, What Is Chen Buying? What Is Chen Selling? (7/31/17)
"Pan Orient Energy Corp. announced that it finally spudded the well last week and it is expected to reach total depth at the end of August. I have been waiting for this for many years, as we discussed. . .I like the risk/reward and I like the fact that it is a fair shot for all the company's investors."

More Expert Comments

Experts Following This Company

Chen Lin What Is Chen Buying? What Is Chen Selling?
Bill Newman, Senior Analyst, Energy – Mackie Research Capital

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Pan Orient Energy Corp. Content