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 (11/17/16)
"Pan Orient Energy Corp. has a strong balance sheet with no debt and $50 million 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. . .drilling to commence in Q1/17: Construction of the access road and drilling pad is expected to commence late December. The Ayu-1 exploration well is expected to spud in late Q1/17 and will be drilled to a total depth of ~1,500m; the well is targeting the company maker Anggun prospect."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (11/4/16)
"Pan Orient Energy Corp. is very close to the key catalyst of East Jabung. Once they start building the road, we will be set. . .the long lead items were ordered for Q1 2017 drilling. The medium case success is NAV 15-20 CAD range, with high case 50 even 100 CAD. . .POE is trading at around 1.2 CAD with about 90c cash in the bank and quite a few properties. Amazing value out there."

Bill Newman, Mackie Research Capital (11/2/16)
"Pan Orient Energy Corp. has a strong balance sheet with no debt and $51.1 million 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. . .POE stated that the company is continuing to review its exploration and development asset portfolio with the aim of maximizing corporate value and to best allocation its substantial net cash balance. These activities range from the potential divestment of existing assets to the ongoing screening of new venture opportunities. . .maintain BUY On Indonesia exploration upside."

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."

More Expert Comments

Experts Following This Company

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

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