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:

Bill Newman, Mackie Research Capital (9/26/16)
"Based upon the successful results of the Sawn Lake demonstration project from a single well pair, the unrisked “Best Case” contingent resource estimate increased by 8% to 166.3 million barrels net to Pan Orient Energy Corp.'s 71.8% interest. Despite a 15% decrease in the forecasted average realized oil price, the NPV (10% dcf) on an after-tax bases increased by 26% to $228 million ($4.15/sh). . .The lift in value is a result of higher expected peak production rates. . .We maintain our BUY recommendation and $3.25 target price on POE’s strong financial position and high-impact exploration potential in Indonesia."

Pan Orient Energy's strong balance sheet puts it in position to begin drilling at East Jabung in Indonesia at the end of this year.
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Chen Lin, What Is Chen Buying? What Is Chen Selling? (8/17/16)
"Pan Orient Energy Corp. got the confirmation that the high impact well in East Jabung will be drilled in Q4/16. . .I am glad it finally come through. POE will also be drilling exploration well(s) in Thailand. This is another rather high impact well and if successful, can worth multiple of its current market cap. . .we should have an updated reserve report on the oil sand soon. With the recent successes, they could significantly increase the reserve and resource there. The time for POE is finally coming, should be the next 6-12 months."

Bill Newman, Mackie Research Capital (8/17/16)
"Pan Orient Energy Corp. has a strong balance sheet with no debt and $51.1M of net positive working capital. We maintain our BUY recommendation and $3.25 target price on POE's strong financial position and high-impact exploration potential in Indonesia. . .In East Jabung PSC construction of a road and drilling pad is expected to commence in late Q3/16 which should be followed by the drilling of an exploration well in Q4/16 targeting the 250 mmbbl Anggun prospect; the first US$10M of the cost of the exploration well will be funded by POE's farm-in partner."

Stockwatch Daily (5/26/16)
"One Canadian junior remains as cheerful as ever in Asia. Pan Orient Energy Corp. is looking forward to its exploration programs later this year in Indonesia and Thailand. . .Pan Orient has a joint venture with Repsol's Talisman Energy at the East Jabung project. . .Talisman agreed in 2014 to acquire a 51-per-cent interest in East Jabung by paying US$8-million upfront and carrying Pan Orient for the first US$10-million of work. That should be enough to fully cover the first exploration well, which is expected to be spudded in the fourth quarter of this year."

Bill Newman, Mackie Research Capital (5/19/16)
"We maintain our BUY recommendation for Pan Orient Energy Corp. based on POE's strong financial position and high-impact exploration potential in Indonesia. . .Construction of the road and drilling pad is expected to commence in late Q3/16 which will be followed by the drilling of the Cantik-1 exploration well in Q4/16 targeting the 250 million barrel Anggun prospect . . .POE has a strong balance sheet with $53.2 million of net positive working capital; exploration drilling on the East Jabung block represents substantial resource upside."

"Pan Orient Energy Corp. is at the top of my list. At the current share price of CA$1.10, if you can hold on to the stock for at least one year, I believe there is almost no downside. Let me explain why. The company is in the process of selling off assets and returning cash to its shareholders. It just distributed CA$0.40 back to the shareholders this year. Not long ago it distributed another CA$0.75 to shareholders. Right now Pan Orient has about CA$0.80–CA$0.90 in cash and no debt. It has been in the process of selling all of its assets in Canada, Thailand and Indonesia, except for the one that Talisman Energy Inc. (now part of Repsol Oil & Gas) will pay for and drill in Q4/16. With the rebound of oil, the interest in buying oil assets worldwide has been on the rise. If Pan Orient can successfully sell the assets during 2016, I can see its cash balance increase to around CA$2/share by the end of 2016. . .I can tell you when Talisman starts drilling [at East Jabung], likely in Q4/16, it will be one of the most followed events in the energy space. . .if Talisman successfully makes a major discovery, the share price will obviously explode. If Talisman fails, the chance is very high Pan Orient will have around CA$2 in cash in the next 12 months. Then the company can choose to pay another dividend, or do other things to reward the shareholders. That's why I see very little downside to the stock. The insiders were agreeing with me as we saw a big purchase of 220,000 shares from the open market by Gerald Macey, chairman of the board, in the past month." read more >

More Expert Comments

Experts Following This Company

Chen Lin What Is Chen Buying? What Is Chen Selling?
Ching-Yi Lin – H.C. Wainwright & Co.
Bill Newman, Senior Analyst, Energy – Mackie Research Capital

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