Pan Orient Energy Corp.

Pan Orient Energy Corp. is a Calgary-based oil and gas exploration and production company with operations located onshore in Thailand, Indonesia and western Canada. The company has interests in four oil-producing concessions in Thailand and is the operator for all four, with 60% working interest in three and 100% working interest in the fourth. In Indonesia, Pan Orient has operated interests in four production-sharing contracts onshore. In Canada, the company's 53.4%-owned subsidiary, Andora Energy, holds interests ranging from 10–100% in 85.5 contiguous sections of heavy oil sands leases within the central Alberta Peace River Oil Sands area.

Expert Comments:

Bill Newman, Mackie Research Capital (3/25/15)
"Pan Orient Energy Corp. released the results of an independent reserve evaluation for its Thailand reserves, effective Dec. 31, 2014. . .Proven and Probable (2P) reserves of 1.2MMbbl gross. . .after-tax net present value (10% discount) of CA$33.1M. . .on Feb. 2, 2015, the company closed the sale of 50% of its interest in block L53/48 concession, which contains its Thailand reserves, for cash proceeds of $42.5M. Taking this into account, Pan Orient has estimated remaining 2P reserves of 583,000 bbl with an after-tax net present value (10%) of CA$17M or CA$0.29 per share. . .the company's stock trades below its cash value."

Bob Moriarty, 321 Gold (3/9/15)
"As of today, Pan Orient Energy Corp. has $1.37M cash, and by the end of March it will have $1.76M in working capital; for a stock selling at $1.50/share, that's like buying dollars for pennies. For any energy company right now, holding a boatload of cash is the next best thing to hitting a big hole; Pan Orient will be drilling another high potential hole in June, so investors get another swing at the ball."

Bill Newman, Mackie Research Capital (3/4/15)
"Pan Orient Energy Corp. released the results of an independent resource evaluation completed by Sproule Unconventional Ltd. of the Sawn Lake oil sand project. . .the best case contingent resource estimated net to Andora is unchanged at 214 MMbbl, 154 MMbbl net to the company's 71.8% ownership in Andora. . .we maintain our Buy and $4 target."

Bill Newman, Mackie Research Capital (3/3/15)
"Pan Orient Energy Corp. holds an operated 50% interest in Thailand Concession L53. Today, the company announced that the L53-ANC1 exploration well, targeting the North Central prospect, failed to encounter commercial hydrocarbons and has been plugged and abandoned. . .although the first exploration well on the L53 block was not successful, the lands hold significant resource upside and Pan Orient will continue its low-cost, multi-well drill program. . .we maintain our Buy recommendation on Pan Orient's strong financial position and high-impact exploration potential."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/19/15)
"Pan Orient Energy Corp. is currently drilling its high-impact well at L53 North. . .it is a very interesting time for the company. . .I believe Pan Orient will be one of the few energy companies that can offer big production growth in the next few years."

Bob Moriarty, 321 Gold (2/13/15)
"Pan Orient Energy Corp. is starting to drill a high-potential hole at its L53 oil project in Thailand today. The company plans on doing one exploration well and two appraisal wells. . .targeting a P50 2500 boe/d well. Should it hit, the stock will go up a lot. . .Pan Orient has other projects, so this is not a one-trick pony."

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