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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.

Expert Comments:

Pan Orient Energy reports an update on the drilling and production of various wells there.
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With this well, Pan Orient Energy finishes phase 2 of its 2020 drill program at the concession.
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Pan Orient Energy completed the drilling of two potential new pool oil discoveries and one successful L53-DD oilfield appraisal well.
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Other upcoming work slated for Pan Orient Energy's joint venture-owned concession includes well completions and testing.
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headshot of Chen Lin

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

"Pan Orient Energy Corp. was drilling water but found a good oil zone! Talk about luck. Depending on the testing, this could further increase the company's oil reserves and the value of the field when it seeks to sell the project."

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

"Pan Orient Energy Corp. is drilling important exploration wells in Thailand, and results could come out soon; not many energy companies are drilling now. If they hit, that could be well received among energy investors."

At quarter's end, Pan Orient Energy states it is in a solid financial position.
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Jay Taylor, Hotline

"On April 9, Pan Orient Energy Corp. stock was selling at $0.39; by contrast, it had cash equaling $0.46/share and working capital totaling $0.38/share. So you can buy it now close to its cash value. . . this is one company that you may want to keep an eye on at some point over the next year or so."

headshot of Chen Lin

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

"Pan Orient Energy Corp. finally hit the high impact well that I have been waiting for for months; the AA2 well hit outside the exiting 53DD area. . .right now, nobody is paying attention. It is important for long term investors to look at the details."

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

"If you use fair value, Pan Orient Energy Corp. is worth CA$2 now and possibly much more after the drilling next year. I believe once it finishes drilling in Q1/20, the project will likely be for sale; we can collect another dividend, possibly higher than the current market cap."

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

"Pan Orient Energy Corp. has CA$42M in cash or working capital and no debt. . .the company has a working and cash flowing Thailand oilfield worth at least CA$1, likely a few Canadian dollars after the end of the drilling program in Q1/20. I won't be surprised to see a share buyback come very soon at the current share price; I am adding to my position here at around CA$1."

More Expert Comments

Experts Following This Company

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

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