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:

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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."

Bill Newman, Mackie Research Capital (5/18/17)
"Pan Orient Energy Corp.'s mobilization of the drilling rig to the AYU-1 location commenced on May 8 with the well expected to spud in late June. The well is targeting the 250 MMbbl Anggun prospect. . .the AYU-1 prospect is large, and if successful could have a substantial impact on the stock price."

Bill Newman, Mackie Research Capital (3/24/17)
"We maintain our Buy recommendation on Pan Orient Energy Corp. . .construction of a 5 km road to the AYU-1 location has been completed and construction of the drilling pad has commenced. The AYU-1 exploration well is expected to spud in late April and will target the 250 MMbbl Anggun prospect."

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
John Newman, Principal – Canaccord Genuity

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