|Bid||2.4100 x 0|
|Ask||2.4900 x 0|
|Day's Range||2.2900 - 2.5000|
|52 Week Range||0.9700 - 2.5000|
|Beta (3Y Monthly)||0.00|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 21, 2019 - Mar 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.25|
CALGARY, Alberta, July 04, 2019 -- THAILAND Onshore Concession L53 (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. (“Pan.
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CALGARY, Alberta, May 15, 2019 -- Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (POE – TSXV) reports 2019 first quarter consolidated financial and operating.
Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) is pleased to announce that Concession L53 oil production has averaged 2,824 BOPD (1,412 BOPD net to Pan Orient's 50.01% equity interest) from April 27 to May 6, 2019 with 2,468 BOPD from the four L53-DD wells that commenced stable production on April 27, 2019. An additional approximately 40 BOPD has been shut-in during the same period due to temporary trucking constraints. L53-DD3 has averaged 570 BOPD of 23.5 API oil with a BS&W of 3.79% through 4.2 meters of perforations between a true vertical depth ("TVD") of 1112.7-1116.9 meters at the top of the DD/EE sand utilizing an electrical submersible pump up to May 2 when the well had been shut-in pending a workover that will perforate the upper five meters of the BB sand. L53-DD4 has averaged 729 BOPD of 23.8 API oil with a BS&W of 11.52% through four meters of perforations near the base of the BB/CC sand between a TVD of 1081-1085 meters utilizing an electrical submersible pump set at 1,499 meters measured depth (“MD”) and current fluid level at 394 meters MD.
Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) is pleased to announce that the L53-DD Production License ("PL") has been approved by the Government of Thailand. This was in addition to a number of other approvals that were required to commence long-term production from the L53-DD field discovery made in October 2018. The primary term of the PL is 20 years.
Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) announced today that it granted options to directors, officers employees and consultants to purchase an aggregate of 1,375,000 common shares under Pan Orient’s stock option plan. Each option has an exercise price of $1.90 (being the March 18, 2019 closing price of the shares on the TSX Venture Exchange), vests as to one-third on the grant date and one-third on each of the first and second anniversaries of the grant date and expires on March 19, 2024. Options to purchase 5,365,000 common shares are now outstanding, equal to 9.8% of Pan Orient's 54,990,407 outstanding common shares, at exercise prices ranging from $0.89 to $1.90.
CALGARY, Alberta, March 18, 2019 -- Thailand Onshore Concession L53 (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. (“Pan.
CALGARY, Alberta, March 14, 2019 -- Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) reports 2018 year-end and fourth quarter consolidated financial and operating results..
Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (POE – TSXV) is pleased to announce that the L53-DD4 appraisal well encountered an interpreted, combined 15.6 meters of net oil pay within the AA2 and BB/CC sandstones between the true vertical depth of 1,010 to 1,103 meters. This interpretation was based on conventional open hole wire line logs, hydrocarbon indications observed while drilling and supported by post drill pressure data from each of the zones.
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CALGARY, Alberta, Feb. 14, 2019 -- Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) is providing an operations update. Commenting today on Pan Orient’s upcoming 2019.
CALGARY, Alberta, Jan. 31, 2019 -- Pan Orient Energy Corp. ("Pan Orient") (POE – TSXV), on behalf of Pan Orient Energy (Siam) Ltd. (“POS”), announced the results of its.
CALGARY, Alberta, Dec. 03, 2018 -- THAILANDOnshore Concession L53 (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. (“Pan.
Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) is pleased to announce that the L53-DD1 exploration well is on a 90 day production test and currently producing at a steady state of between 778 to 784 barrels per day ("BOPD") of 23.6 degree API oil with a BS&W of 0.4% from the "DD sand" through 5.2 meters of perforations between the depths of 1157.2 - 1162.4 meters (1116.4 - 1121.3 meters true vertical depth). L53-DD1 has averaged 779 BOPD during the past five days of testing. The well is on beam pump with the fluid level at surface. Production from the DD sand will continue for the remainder of the 90 day test period.
CALGARY, Alberta, Nov. 14, 2018 -- Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (POE – TSXV) reports 2018 third quarter consolidated financial and operating.
Pan Orient Energy Corp. (“Pan Orient”) (POE – TSXV) is pleased to announce that the L53-DD2 appraisal well encountered an interpreted combined approximately 32 meters of net oil pay within four separate sandstone reservoirs between a true vertical depth of 1,044 to 1,105 meters. The L53-DD2 well was drilled to a measured depth of 1,903 meters (1,589 meters true vertical depth) from the same well pad as the L53-DD1 well with a subsurface target approximately 560 meters southwest of the L53-DD1 well. A 90 day production test application for the L53-DD2 well has been submitted to Government of Thailand ("GOT") for approval.
Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with operations currently located onshore Thailand, Indonesia and in Western Canada. This press release contains forward-looking information. Forward-looking information is generally identifiable by the terminology used, such as "expect", "believe", "estimate", "should", "anticipate" and "potential" or other similar wording. Forward-looking information in this press release includes references, express or implied, to drilling plans in Indonesia and regulatory approvals. By its very nature, the forward-looking information contained in this press release requires Pan Orient and its management to make assumptions that may not materialize or that may not be accurate. In addition, the forward-looking information is subject to known and unknown risks and uncertainties and other factors, some of which are beyond the control of Pan Orient, which could cause actual results, expectations, achievements or performance to differ materially. Although Pan Orient believes that the expectations reflected in its forward-looking information are reasonable, it can give no assurances that those expectations will prove to be correct. Pan Orient undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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