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:

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)
"Bill Newman of Mackie Capital Research maintains BUY recommendation for Pan Orient Energy Corp. based on POE's strong financial position and high-impact exploration potential in Indonesia. . .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 >

Bill Newman, Mackie Research Capital (4/26/16)
"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. . .construction of the road and drilling pad at East Jabung is expected to commence in Q3/16, which will be followed by the drilling of the first exploration well in Q4/16. . .exploration drilling on the East Jabung block represents substantial resource upside."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (4/18/16)
"Pan Orient Energy Corp. moved up nicely in the past weeks but it is still way undervalued. . .I am hoping the company will have a cash level from CA$1.5-2.5 by the end of 2016 before the Talisman drilling; if the drilling is successful, we will see a big pop of the stock. . .the stock has very little risk at the current level; that's why insiders are buying it hand over fist and I really like it."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/24/16)
"Pan Orient Energy Corp. reported good progresses, especially the confirmation of drilling of the high impact well in East Jabung in Q4/16; Pan Orient is in the process of selling its assets and focusing on the East Jabung drilling. The stock is still trading at the cash level of the company valuing the rest of assets at zero, Amazing! I believe the stock should appreciate a few folds even before the drilling begins."

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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