Pan Orient Energy Corp.

Pan Orient Energy Corp. , on behalf of its 71.8% owned subsidiary Andora Energy Corporation , is pleased to release the September 30, 2019 Contingent Bitumen Resources Report which is a National Instrument 51-101 compliant resources evaluation for Andora’s oil sands interests at Sawn Lake Alberta, Canada, as evaluated by independent qualified [...]

Pan Orient Energy Corp. reports 2019 third 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 nine months ended September 30, 2019 [...]

Pan Orient Energy Corp. is pleased to provide an operations update. THAILAND Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Testing L53-DD5ST1& L53-DD6ST1 Exploration Wells and L53-B1 Appraisal Well The L53-DD5ST1 exploration well, drilled into what is defined as the AA South prospect in the Company's 2019 AGM presentation [...]

Pan Orient Energy Corp. is pleased to announce that the L53-B1 appraisal well encountered a combined approximately 35 meters of net oil pay within five main sandstone intervals between the true vertical depths of 844 and 1,043 meters. This interpretation is based on open hole wire line logs, oil and gas shows observed while drilling and correlation [...]

Pan Orient Energy Corp. is pleased to announce that the L53-DD6ST1 exploration well encountered approximately five meters of interpreted net oil pay within the CC sandstone. This interpretation is based on open hole wire line logs, oil and gas shows observed while drilling, pressure data and analog to the offsetting L53-DD oilfield wells. The CC [...]

Pan Orient Energy Corp. is pleased to announce that the L53-DD5ST1 exploration well encountered approximately 15 meters of net oil pay, comprised of 12 meters within the CC sand and 3 meters within the deeper EE sand. This interpretation is based on open hole wire line logs, oil and gas shows observed while drilling and analog to the offsetting [...]

Pan Orient Energy Corp. reports 2019 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, 2019 and [...]

Pan Orient Energy Corp. is pleased to announce that Concession L53 oil sales have continued strong with 3,094 barrels of oil per day in July 2019 , up slightly from June and again marking the highest average monthly oil sales ever achieved in Concession L53. The July realized oil price was US$62.32, a 2.6% discount to the Brent reference price for [...]

Pan Orient Energy Corp. is pleased to announce that Concession L53 oil sales averaged 3,079 BOPD for the month of June, a monthly record for the concession going back to 2010. INDONESIA East Jabung PSC Pan Orient has been informed by the operator of the East Jabung Production Sharing Contract that the drilling rig contract for the upcoming [...]

Pan Orient Energy Corp. is pleased to announce that Concession L53 oil sales averaged 2,631 barrels of oil per day in May 2019, marking the highest average monthly oil sales ever achieved in Concession L53. Oil sales averaged 704 BOPD in April 2019 and 3,259 BOPD during the first four days of June 2019. Realized oil prices during the first five [...]