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/CNW/ - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSXV: POE), on behalf of Pan Orient Energy (Siam) Ltd. ("POS"), announced the results of its...

Mineral Fuels Department grants exploration licence to Pan Orient published : 14 Apr 2021 at 04:00 1 The Department of Mineral Fuels (DMF) has awarded an on-shore petroleum exploration and production (E&P) licence, spanning three provinces northwest of Bangkok, to Pan Orient Energy (Siam) to increase domestic crude oil production by 119,000 barrels over the next seven years. The Petroleum Committee allowed the company to carry out E&P at AA area, spanning 1.86 square kilometres in L53/48 block, in Nakhon Pathom, Suphan Buri and Kanchanaburi, said Supalak Parn-anul...

News Update Streetwise Reports  (2/25/21) Pan Orient Energy reports the target of the first well, L53-DD10, is the AA sand in the L53-DD field. Pan Orient Energy Corp. (POE:TSX.V) announced in a news release that the joint venture started drilling the L53-DD10 well at its Thailand concession, the "first of a firm two well development drilling program." Pan Orient has a 50.01% interest in the joint venture. The company noted that the target of L53-DD10 is the AA sand because a second well is needed to produce from there efficiently and economically. The single well producing there no...

Energy Firm Reports 130% Rise in Oil Reserves for Thailand Property News Update Streetwise Reports  (2/4/21) Pan Orient Energy announces the total proven oil reserves at the L53 Concession as of year-end 2020. In a news release, Pan Orient Energy Corp. (POE:TSX.V) announced the results of an independent reserves evaluation for Concession L53/48 in onshore Thailand. The company has a 50.01% stake in the joint venture entity Pan Orient Energy (Siam) Ltd. that owns the concession. "This year-end 2020 reserves report is an excellent result," Pan Orient Energy Corp. CEO Jeff Chisholm sa...

Share this article Share this article CALGARY, AB, Feb. 1, 2021 /CNW/ - Pan Orient Energy Corp. ("Pan Orient" or the "Company") (TSXV: POE), on behalf of Pan Orient Energy (Siam) Ltd. ("POS"), announced the results of its December 31, 2020 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 Financial Reporting Standards and accounted for using the equity method.  Pan Orient's 50.01% equity interest in the a...