POE:TSX.V

Pan Orient Energy Corp.

Pan Orient is a Canadian publicly listed (TSX-V: POE) junior oil and natural gas company based in Calgary, Alberta, Canada. The Company's principal properties are divided into three distinct groups: 1)�partially developed concession located on-shore Thailand;� 2) interest in a production sharing contract on-shore Indonesia; and 3) Canadian oil sand properties;

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 Thailand.

Indonesia
The Company has interests in�the East Jabung production sharing contract on-shore Indonesia (49% and non-operated after farmout).

Canada
The Company's 71.8%-owned subsidiary Andora Energy Corporation ("Andora") 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. Andora is operator of a demonstration project at Sawn Lake which produced bitumen from one steam-assisted gravity drainage ("SAGD") well pair�from September 2014 to February 2016.

POE:TSX.V

Expert Comments:

headshot of Chen Lin

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

(5/6/21)
"Pan Orient Energy Corp. should be doing well at the current oil price; the company is buying back shares aggressively. . .its earnings at the current oil price will impress a lot of energy investors."

The work in progress at Pan Orient Energy's joint venture asset and the company's Q4/20 financial and operational results are discussed in a Mackie Research Capital Corp. report.
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Bill Newman, Research Capital Corporation

(3/18/21)
"The L53-DD12 appraisal well is currently drilling at Pan Orient Energy Corp.'s joint venture concession in Thailand, which is expected to be followed by the L53-DD11 appraisal well. The appraisal drilling program is expected to be completed in April 2021, at which time the company 'will be in a position to best determine the future of the Thailand asset that would maximize shareholder value.'"

Pan Orient Energy reports the target of the first well, L53-DD10, is the AA sand in the L53-DD field.
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Pan Orient Energy announces the total proven oil reserves at the L53 Concession as of year-end 2020.
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Pan Orient Energy Corp. reports on continuing drill operations in Thailand.
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headshot of Chen Lin

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

(12/2/20)
"Pan Orient Energy Corp. released excellent drill results; this is its last drill hole for the year and likely for a long time. The next key news I am looking for is the reserve report around the end of January or early February. . .2021 could be the year that the company returns more capital to shareholders."

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.
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Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.
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headshot of Bill Newman

Bill Newman, Research Capital Corporation

(11/13/20)
"Pan Orient Energy Corp. released its Q3/20 financial and operational results, which were in line with our forecasts. . .net production in Q3/20 averaged 1,114 boe/d, which was about equal to the Q2/20 average of 1,060 boe/d. Funds flow of $2.4M ($0.04/fully diluted share) was double the funds flow generated in Q2/20 of $1.2M ($0.02/fully diluted share), primarily due to a stronger realized oil price."

headshot of Chen Lin

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

(11/12/20)
"Pan Orient Energy Corp. announced nice results; it is generating nice cash flow even at a very low oil price. . .it is trading at a cash level, and oil properties are free! It also plans to announce more drilling results soon."

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

(8/4/20)
"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."

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, Vice President, Senior Analyst – Research Capital Corporation

Company News

3/18/2021 – Pan Orient Energy Corp. 2020 Year-end Financial & Operating Results

2/23/2021 – Pan Orient Energy Corp. - Thailand Development Drilling Commences

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