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:

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

(6/6/19)
"Pan Orient Energy Corp.'s DD3 is a cash cow operation, and big Indonesia drilling is coming in August; how can the stock still be trading at below CA$2? The market is sleeping, nobody cares now; but where [else] do you find a stock like this company, no debt, CA$0.70 cash, huge free cash flow, big catalysts and at least tenbagger potential in a few months?"

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

(5/8/19)
"Pan Orient Energy Corp. finally reported new Thailand production; it is exactly what I expected, 1,412 bblpd net. . .the company enjoys very high netback in Thailand, and my estimate is the oil production will bring at least $2M/month to the company's balance sheet, assuming about $70 Brent. And the drilling costs will be paid back in about one month!"

headshot of Bill Newman

Bill Newman, Mackie Research Capital

(5/8/19)
"Pan Orient Energy Corp. announced that four wells in the recently discovered L53-DD field commenced stable production on April 27, 2019. As a result, net production in Thailand has increased to approximately 1,400 bpd, which is more than five times the net average production rate achieved in 2018 of 250 bpd."

This milestone event comes five months after the company discovered oil in the area.
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This is the thickest net oil pay encountered in the concession's appraisal wells.
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This Canadian oil & gas firm plans to test this very well as soon as possible.
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Chen Lin
Chen Lin of What Is Chen Buying, What Is Chen Selling? newsletter explains why he has invested in this oil explorer and developer.
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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

The information provided above is from analysts, newsletters, the company and other contributors.

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