|Apr 1/15||Mar 31/15||Pan Orient Energy Corp.||Direct Ownership||Common Shares||10 - Acquisition in the public market||37,800||$1.43|
|Apr 1/15||Mar 30/15||Pan Orient Energy Corp.||Direct Ownership||Common Shares||10 - Acquisition in the public market||66,700||$1.42|
|Apr 1/15||Mar 27/15||Pan Orient Energy Corp.||Direct Ownership||Common Shares||10 - Acquisition in the public market||37,800||$1.42|
|Apr 1/15||Mar 26/15||Pan Orient Energy Corp.||Direct Ownership||Common Shares||10 - Acquisition in the public market ||600||$1.42|
[Chen Lin] The Energy Report with Chen Lin (4/2/15) "Pan Orient Energy Corp. has not been recognized by the market for quite some time. Frankly, I've been holding it for the past three years. Even after the $0.75 dividend, I'm not making any money, but I'm still extremely excited about the East Jabung project with Talisman, which is in the process of being acquired. It's a very good project because it is land-based and shallow. The capital expenditure is only $4–5M/well with something like a billion barrels of oil equivalent. It could be one of the largest oil discoveries in the world. Also, the fiscal terms of that concession are favorable for Pan Orient—about 35% oil, 35%/65%. Usually Indonesia requires 15%, 15%/85%. Talisman awarded the contract to Pan Orient because it has good connections with the government, but there were a lot of suitors for that property. When Pan Orient closes the deal with Talisman, which could be any time now, we should have an update on the drilling schedule. The previous update looked like the end of 2015 or early 2016. That will be the lottery of my lifetime because the upside is so enormous. The downside is limited because Pan Orient is trading at cash or below cash if you calculate the money Talisman is going to pay it to option 50% of this concession. So the downside is very limited. The upside is enormous. That's why I'm very excited. For Pan Orient, these are very good fiscal terms; it has a very good location, is land-based and cheap to drill. None of that is priced into the stock, which has held pretty firm while the rest of the sector dropped 80% or 90% or more, so I'm patiently waiting. I hope that the day will come when I get my reward. But, again, this is high-risk exploration. You don't know if a well will hit or not. But if you hit, the upside is enormous."
[Bill Newman] Bill Newman, Mackie Research Capital (3/25/15) "Pan Orient Energy Corp. released the results of an independent reserve evaluation for its Thailand reserves, effective Dec. 31, 2014. . .Proven and Probable (2P) reserves of 1.2MMbbl gross. . .after-tax net present value (10% discount) of CA$33.1M. . .on Feb. 2, 2015, the company closed the sale of 50% of its interest in block L53/48 concession, which contains its Thailand reserves, for cash proceeds of $42.5M. Taking this into account, Pan Orient has estimated remaining 2P reserves of 583,000 bbl with an after-tax net present value (10%) of CA$17M or CA$0.29 per share. . .the company's stock trades below its cash value."
[Bob Moriarty] Bob Moriarty, 321 Gold (3/9/15) "As of today, Pan Orient Energy Corp. has $1.37M cash, and by the end of March it will have $1.76M in working capital; for a stock selling at $1.50/share, that's like buying dollars for pennies. For any energy company right now, holding a boatload of cash is the next best thing to hitting a big hole; Pan Orient will be drilling another high potential hole in June, so investors get another swing at the ball."