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:

Bill Newman, Mackie Research Capital (11/30/15)
"Pan Orient Energy Corp. announced a special cash dividend of CA$0.40 per share for a total aggregate distribution of CA$21.95M. . .in 2016, the company plans to fund operations primarily with cash flow generated from its Thailand assets and with remaining working capital. Additionally, Pan Orient will participate in the drilling of the high-impact Anggun prospect, with Talisman funding the first $10M of the well. . .with limited capital commitments and overcapitalized balance sheet, we think the return of capital will be viewed as positive by shareholders."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (11/19/15)
"Pan Orient Energy Corp. announced its quarterly results. . .Thai production is on the rise. . .the 2006 drill plan was approved by Talisman (now part of Repsol). . .very very seldom do you find a junior energy company on track for 50% of the biggest find in the world. . .the company's stock was my largest position and it is still my largest energy position today. I have been holding most of my shares in the past years with little trading."

Bill Newman, Mackie Research Capital (11/19/15)
"We maintain our Buy recommendation and $3.75 target price on Pan Orient Energy Corp.'s strong financial position and high-impact exploration drilling in Indonesia. . .the company reported average Q3/15 production in Thailand of 299 boe/d, slightly higher than our forecast of 270 boe/d. . .cash flow for Q3/15 of $3.4M ($0.06/fd share), was above our estimate of negative $0.4M (-$0.01/fd share)."

"I'm holding companies that have great balance sheets, like Pan Orient Energy Corp. It is trading at below cash, so the downside is limited and the upside is very good. The company has exposure to both oil and natural gas. It is mostly in Asia. Test results are not in yet, but initial indications show Pan Orient hit some good oil and gas in Indonesia, where the gas price has been very high. Pan Orient spent $50M, and because of the tax situation in Indonesia, when it reaches production, it will get the $50M back. It has close to $60M cash, even without that reimbursement, and a $50M market cap. It is a great risk/reward story, but no one is looking. . .Pan Orient also has plans to drill in Thailand later this year, depending on the rainy season. It also has a heavy oil project in Canada that can easily be worth a lot of money when oil prices recover. This is a company with a lot of ways to be successful, and it is now selling at a rock-bottom price. The next catalyst will be those official test results in the next two to three weeks. Next year, the company is going to have a very big target paid by its partner. Pan Orient is a company where you can see the valuation very clearly. That is why I am happy to hold on to the company through the downturn." read more >

Chen Lin, What Is Chen Buying? What Is Chen Selling? (10/20/15)
"Pan Orient Energy Corp. just released the results from its exploration well at Batu Gajah. I had a discussion with the management right after the news. It seems that they hit two good zones. DST4 and DST3. . .this discovery could easily be worth $50M for the company, which is its current market cap."

Bill Newman, Mackie Research Capital (10/20/15)
"We maintain our Buy recommendation for Pan Orient Energy Corp. on the company's strong financial position and high-impact exploration potential. . .over a five year period, Pan Orient has accumulated over $50M of cost pools attributed to the Gatu Gajah PSC. In the event that production is established, the company is entitled to 80% of the revenue until payout of the $50M cost pool."

More Expert Comments

Experts Following This Company

Chen Lin What Is Chen Buying? What Is Chen Selling?
Ken Lin, Analyst – Paradigm Capital
Bob Moriarty, Author 321 Energy , 321 Gold
Bill Newman, Senior Analyst, Energy – Mackie Research Capital
Porter Stansberry, Pres & CEO – Stansberry Research

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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