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:

This is the thickest net oil pay encountered in the concession's appraisal wells.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(3/19/19)
"Pan Orient Energy Corp. hit another nice well, L53-DD3; 38.5m of net pay is the best of the recent wells. I expect it will test DD3 and DD4 soon, and the results should be very good. . .I won't be surprised if by 2019E its Thai reserve is worth more than the current market cap and leaves Indonesia upside completely 'free.'"

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Bill Newman, Mackie Research Capital

(3/18/19)
"Today, Pan Orient Energy Corp. announced that the L53-DD3 appraisal well encountered five separate sandstone reservoirs with combined net pay of 38.5m. This is the thickest net oil pay encountered in any of the wells drilled into the L53-DD oil fields to date. . .the L53-DD3 appraisal well also encountered oil pay in the same AA2 sand which was discovered by the L53-DD4 appraisal well."

Bill Newman, Mackie Research Capital

(3/16/19)
"Pan Orient Energy Corp. released its 2018 financial and operational results. . .as of Dec. 31, 2018, the company had positive working capital of $33.1M and no debt. In addition, it has $6.4M working capital and noncurrent deposits within the Thailand joint venture for funding 2019 operations."

This Canadian oil & gas firm plans to test this very well as soon as possible.
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Bill Newman, Mackie Research Capital

(3/1/19)
"A two well appraisal program of Pan Orient Energy Corp.'s L-53 DD field in Thailand commenced on Feb. 11, 2019; yesterday, the company announced that the first appraisal well encountered oil. The L53-DD4 appraisal well was drilled to a true vertical depth of 1,400m and encountered 15.6m of net pay with the AA2 and BB/CC sandstones."

headshot of Chen Lin

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(2/28/19)
"Finally Pan Orient Energy Corp. delivered again! The new DD4 well hit the second compartment and likely increased 2P reserves by at least 50%. . .most likely in a few months the company will have four wells in the DD area producing 2–4 Mbpd oil and generating nice free cash flow while waiting for the Indonesia well to be drilled."

Chen Lin
Chen Lin of What Is Chen Buying, What Is Chen Selling? newsletter explains why he has invested in this oil explorer and developer.
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The first of the three scheduled programs launched on Feb. 11, 2019.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(2/14/19)
"Pan Orient Energy Corp. had a good operating update. The two wells in Thailand performed very well, about 500–700 bpd of oil in the first 60–90 days of operation. . .the company is drilling two more appraisal wells on the DD."

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A Mackie Research Capital Corp. note reviewed the new result.
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A Mackie Research Capital Corp. report provided an update on this firm's wells in Thailand and Indonesia.
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This Alberta-based energy company is ready to move to well production testing.
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This joint venture-owned asset moves one step closer to drilling.
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More Expert Comments

Experts Following This Company

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Chen Lin What Is Chen Buying? What Is Chen Selling?
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Bill Newman, Senior Analyst, Energy – Mackie Research Capital

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