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:

Pan Orient Energy recaps its operational and financial results from last year.
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Testing is to start on this Pan Orient Energy well in Thailand once approval is received.
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headshot of Chen Lin

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

(2/27/20)
"Pan Orient Energy Corp. finally hit the high impact well that I have been waiting for for months; the AA2 well hit outside the exiting 53DD area. . .right now, nobody is paying attention. It is important for long term investors to look at the details."

The Canadian company also increases its crude oil reserves at the project.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(12/12/19)
"If you use fair value, Pan Orient Energy Corp. is worth CA$2 now and possibly much more after the drilling next year. I believe once it finishes drilling in Q1/20, the project will likely be for sale; we can collect another dividend, possibly higher than the current market cap."

Drill testing leads to decision to abandon the well.
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Chen Lin, What Is Chen Buying? What Is Chen Selling?

(12/9/19)
"Pan Orient Energy Corp. has CA$42M in cash or working capital and no debt. . .the company has a working and cash flowing Thailand oilfield worth at least CA$1, likely a few Canadian dollars after the end of the drilling program in Q1/20. I won't be surprised to see a share buyback come very soon at the current share price; I am adding to my position here at around CA$1."

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

(12/9/19)
"Pan Orient Energy Corp. will start drilling in Thailand in a few weeks, and I believe with decent successes it can sell the Thai assets at higher than the current market cap. . .after the recent discovery plus the existing cash, I see CA$2 as very possible, and we could get more."

headshot of Bill Newman

Bill Newman, Mackie Research Capital

(12/9/19)
"Pan Orient Energy Corp. remains in strong financial shape with no debt and approximately $40M of net working capital (about $0.75/share). In 2020, we expect the company to continue to focus on growing its production and cash flow in Thailand."

The report outlines a development plan for the project.
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headshot of Chen Lin

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

(11/15/19)
"Pan Orient Energy Corp.'s Indonesia well was finally spudded two days ago! It will take about 20–30 days to reach total depth if everything goes smoothly. . .let's hope we have a nice Christmas gift after years of waiting."

Two wells in Thailand are producing oil, and the drill program continues.
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The well is expected to be put in production within about seven days.
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Veteran investor and newsletter writer Chen Lin explains the upside he sees with this energy company.
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Technical analyst Clive Maund explains why he believes this company with projects in Thailand and Indonesia is about ready to start another upleg.
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The well will be production tested after the required permit is obtained.
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More Expert Comments

Experts Following This Company

headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Clive Maund – CliveMaund.com
headshot of Bill Newman
Bill Newman, Senior Analyst, Energy – Mackie Research Capital

The information provided above is from analysts, newsletters, the company and other contributors.

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