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:

The first of the three scheduled programs launched on Feb. 11, 2019.
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Bill Newman, Mackie Research Capital (2/14/19)
"Production testing of the L53-DD field in Thailand, which was discovered by Pan Orient Energy Corp. in October 2018, continues to impress, increasing net corporate production to about 675 boe/d in January 2019. A two-well appraisal drilling program has commenced, which will be followed by a multi-well exploration program; in addition, the company is on track to spud its high-impact Anggun 1X exploration well in May to June 2019, which could be a company maker if successful."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/1/19)
"Pan Orient Energy Corp. reported the new reserve number of 2018; you can see Proven, Proven and Probable (2P), and Proven and Probable and Possible jumped nicely thanks to the DD discovery. 2P now stands at CA$0.72 and, plus the existing cash, supports the whole current market cap; the Indonesia drilling is completely 'free.'"

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A Mackie Research Capital Corp. note reviewed the new result.
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Bill Newman, Mackie Research Capital (12/3/18)
"This morning, Pan Orient Energy Corp. announced that the L53-DD2 appraisal well is currently producing at about 659 bbl/d (330 bbl/d net) of 23.9 degree API oil from the EE sands; the production rate is similar to the L53-DD1 discovery well, which tested about 780 bbl/d (391 bbl/d net) from the DD sands. As a result, total current production from the L53 concession is about 1,759 bbl/d (879 bbl/d net)."

Bill Newman, Mackie Research Capital (11/29/18)
"This morning, Pan Orient Energy Corp. announced that the L53-DD1 discovery well tested about 780 bbl/d (391 bbl/d net) of 23 degree API oil. . .production testing of the L53-DD2 follow-up appraisal has just commenced. We are very encouraged with the initial test results, which we expect to generate significant cash flow to fully fund a development and exploration program in Thailand in 2019."

A Mackie Research Capital Corp. report provided an update on this firm's wells in Thailand and Indonesia.
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This Alberta-based energy company is ready to move to well production testing.
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Bill Newman, Mackie Research Capital (11/12/18)
"This morning, Pan Orient Energy Corp. announced that the follow-up L53-DD2 appraisal well in Thailand encountered about 32m of net oil pay. Production testing of the L53-DD1 discovery well and the L53-DD2 well is expected to commence early next week."

This joint venture-owned asset moves one step closer to drilling.
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Bill Newman, Mackie Research Capital (10/23/18)
"Pan Orient Energy Corp.'s L53-DD1 exploration well was drilled to a total vertical depth of 1,323m and encountered 26m of interpreted net oil pay within three sandstone zones. . .production testing is expected to commence after the L53-DD2 appraisal well has been drilled and completed. Within the next five days POE plans to spud the L53-DD2 appraisal well from the same drilling pad, targeting a location updip from the discovery well."

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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