CALGARY, AB, Sept. 14, 2020 /CNW/ – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV: POE) reports an update on Thailand drilling.

THAILAND

Concession L53 Onshore (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership)

Total Concession L53 oil sales have averaged 3,532 barrels of oil per day (“BOPD”), on a gross 100% basis, over the past four days since bringing onto production the L53-AA2, L53-DD7 and L53-DD8 wells.  This is a substantial increase from the August oil sales daily average of 1,761 BOPD on a gross 100% basis (881 BOPD net to Pan … Continue Reading

CALGARY, AB, Aug. 20, 2020 /CNW/ – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV: POE) reports an update on Thailand drilling.

THAILAND

Concession L53 Onshore (Pan Orient Energy (Siam) Ltd., in which Pan Orient has 50.01% ownership)

The L53-DD7 well was drilled from the DD oilfield wellpad to a total measured depth of 1,467 meters (1,113 meters true vertical depth) at a subsurface location 607 meters south-southwest.  This well was drilled to a target location substantially down dip from the crest of the structure at the BB/CC and DD sandstone reservoir levels with the intention of … Continue Reading

CALGARY, AB, Aug. 13, 2020 /CNW/ – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV: POE) reports 2020 second quarter consolidated financial and operating results.  Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day. 

The Company is today filing its unaudited consolidated financial statements as at and for the six months ended June 30, 2020 and related management’s discussion and analysis with Canadian securities regulatory authorities.  Copies of these documents may be obtained online at www.sedar.com or the Company’s website, www.panorient.ca.

Commenting today on … Continue Reading

CALGARY, ALBERTA–(Marketwired – Dec. 29, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update.

Thailand

Onshore Concession L53 (Pan Orient 50% & Operator)

The L53AC-C1 deviated exploration well was drilled to a depth of 1,453 meters true vertical depth (1,789 meters measured depth) and encountered two zones of interest based on oil shows observed while drilling and open hole wireline logs. Upon further investigation of these two zones of interest through acquired pressure data and fluid samples, the zones were determined to be dominantly water bearing. Preparations are currently underway to … Continue Reading

CALGARY, ALBERTA–(Marketwired – Aug. 28, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update.

INDONESIA

East Jabung PSC (Pan Orient 49% & Non Operator)

The East Jabung Production Sharing Contract (“PSC”) AYU-1X exploration well reached a total depth of 1,140 meters within the granitic basement on August 21 and has now been logged and pressure/fluid samples have been collected. Preliminary interpretation of the wireline logs, supported by pressure data and oil samples, indicates approximately 5.5 meters of high porosity net oil pay at the top of good quality reservoir in the … Continue Reading

CALGARY, ALBERTA–(Marketwired – Aug. 17, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) reports 2017 second quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day.

The Company is today filing its unaudited consolidated financial statements as at and for the six months ended June 30, 2017 and related management’s discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedar.com or the Company’s website, www.panorient.ca.

Commenting today on Pan … Continue Reading

CALGARY, ALBERTA–(Marketwired – July 31, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update.

INDONESIA

East Jabung PSC (Pan Orient 49% & Non Operator)

The operator of the East Jabung Production Sharing Contract has advised that the AYU-1X exploration well commenced drilling on July 29th, a nine day delay from the anticipated July 20th date discussed in Pan Orient’s July 5th press release.

It is anticipated that the well will reach total depth on or about August 31st, 33 days from the commencement of drilling.

Pan Orient is a Calgary, Alberta … Continue Reading

CALGARY, ALBERTA–(Marketwired – July 5, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update.

INDONESIA

East Jabung PSC (Pan Orient 49% & Non Operator)

The operator of the East Jabung PSC has advised that the commencement of the AYU-1X exploration well has been revised to July 20, 2017 as a result of delays experienced during Ramadan.

It is anticipated there will be no further updates regarding the AYU-1X well until drilling has been completed, which is estimated at 32 days from the commencement of drilling.

For further information regarding the AYU-1X … Continue Reading

CALGARY, ALBERTA–(Marketwired – June 13, 2017) – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations and corporate update.

INDONESIA

East Jabung PSC (Pan Orient 49% & Non Operator)

The operator of the East Jabung PSC has advised that the drilling of the AYU-1 exploration well is anticipated to commence on or about July 5, 2017.

CORPORATE

Shareholders will be able to access the June 13, 2017 Pan Orient Annual and Special Meeting presentation on the company’s website: www.panorient.ca

Pan Orient is a Calgary, Alberta based oil and gas exploration and production company with … Continue Reading

CALGARY, ALBERTA–(Marketwired – May 18, 2017) – Pan Orient Energy Corp. (“Pan Orient”) (TSX VENTURE:POE) reports 2017 first quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise stated and BOPD refers to barrels of oil per day.

The Corporation is today filing its unaudited consolidated financial statements as at and for the three months ended March 31, 2017 and related management’s discussion and analysis with Canadian securities regulatory authorities. Copies of these documents may be obtained online at www.sedar.com or the Corporation’s website, www.panorient.ca.

Commenting today on Pan Orient’s 2017 first … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 27, 2017) –

Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSX VENTURE:POE) is providing an operations update.

INDONESIA

East Jabung PSC (POE 49% & Non Operator)

The operator of the East Jabung Production Sharing Contract indicated to the Company on April 25 that due to delays related to unusually heavy monsoon rainfall, the estimated commencement of drilling of the AYU-1X exploration well has been delayed from late April to late Q2 2017. This delay has been due to the implementation of extraordinary measures that were required to mitigate the extremely wet conditions caused by … Continue Reading

CALGARY, ALBERTA–(Marketwired – April 6, 2017) – Pan Orient Energy Corp. (“Pan Orient”) (TSX VENTURE:POE) announced today that it intends to continue the ability to purchase its common shares pursuant to the renewal of its normal course issuer bid through the TSX Venture Exchange (“TSXV”).

Under the terms of the bid, Pan Orient will be authorized to purchase, for cancellation, up to 4,512,964 of its common shares (10% of the public float), subject to a maximum of 1,097,708 common shares (2% of the 54,885,407 issued and outstanding common shares) during any 30 day period. The ability to purchase common shares … Continue Reading