Pan Orient Energy Corp. 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 . Under the terms of the bid, Pan Orient will be authorized to purchase, for cancellation, up to 4,504,064 of its common shares , subject to a maximum [...]
THAILAND Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. is pleased to announce that Concession L53 oil production has averaged 2,824 BOPD 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 [...]
THAILAND Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. is pleased to announce that the L53-DD Production License 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 [...]
Pan Orient Energy Corp. 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 , vests as to one-third on the grant date and one-third on each of the first and second [...]
Thailand Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. is pleased to announce that the L53-DD3 appraisal well encountered an interpreted combined approximately 38.5 meters of true vertical thickness net oil pay within five separate sandstone reservoirs between a true vertical depth of 927.4 to [...]
Pan Orient Energy Corp. reports 2018 year-end and fourth 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 audited consolidated financial statements as at and for the year ended December 31 [...]
THAILAND Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. 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 [...]
Pan Orient Energy Corp. is providing an operations update. Commenting today on Pan Orient’s upcoming 2019 drilling programs in Thailand and Indonesia, President and CEO Jeff Chisholm stated: "The 2019 Thailand and Indonesia drilling programs will be evaluating the largest prospective resource base that the company has ever targeted in any [...]
Pan Orient Energy Corp. , on behalf of Pan Orient Energy Ltd. , announced the results of its December 31, 2018 independent reserves evaluation for Thailand on-shore Concession L53/48 where POS is the operator and has a 100% working interest. Pan Orient has a 50.01% equity interest in POS, which is classified as a Joint Venture under International [...]
THAILAND Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. is pleased to announce that the L53-DD2 appraisal well is on a 90 day production test and currently producing at a steady state of approximately 659 barrels per day of 23.9 degree API oil with a BS&W of 1.47% from the "EE sand" through 6.4 [...]
THAILAND Onshore Concession L53 Ltd., in which Pan Orient has 50.01% ownership) Pan Orient Energy Corp. 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 of 23.6 degree API oil with a BS&W of 0.4% from the "DD sand" through 5.2 [...]
Pan Orient Energy Corp. reports 2018 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, 2018 [...]
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