Pan Orient Energy Company News

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POE Finds Gas, Condensate at Akeh-1 Well in Sumatra's Batu Gajah PSC
Canada's Pan Orient Energy makes a natural gas and condensate discovery at Akeh-1 exploration well in the Batu Gajah production sharing contract in Sumatra, Indonesia.
8:00 PM EST | October 20, 2015
POE Prepares for Testing Ops at Onshore Akeh-1 Exploration Well in Sumatra
Pan Orient Energy prepares for testing operations at onshore Akeh-1 prospect in the Batu Gajah Production Sharing Contract in Sumatra, Indonesia.
8:00 PM EST | September 27, 2015
POE Provides Prospective Resource Report for Sumatra's East Jabung PSC
Pan Orient Energy provides an independent prospective resource report for the Anggun Prospect in East Jabung Production Sharing Contract in South Sumatra, Indonesia.
8:00 PM EST | August 04, 2015
Pan Orient Energy Abandons Thailand's L53-ANC1 Well as Dry Hole
Pan Orient Energy plugs and abandons the onshore L53-ANC1 prospect in Concession L53 in Thailand after disappointing drilling results.
7:00 PM EST | March 02, 2015
POE Completes Sale of 50% Stake in Thailand's L53/48 Concession to Sea Lion
Pan Orient Energy completes sale of 50 percent stake in Concession L53/48 in Thailand to Sea Lion, while Talisman is expected to take over a 51 percent operating interest in Indonesia's East Jabung block from the firm by April.
7:00 PM EST | February 02, 2015
Sea Oil Gets More Time from POE to Complete Thai Onshore Block Acquisition
Pan Orient Energy gives more time to Sea Oil to complete its $42.5 million acquisition of Block L53/48 in Thailand.
7:00 PM EST | January 13, 2015
Talisman to Acquire 51% Stake in East Jabung PSC in South Sumatra
Talisman agrees to acquire a 51 percent stake in East Jabung production sharing contract in South Sumatra, Indonesia from Pan Orient Energy.
7:00 PM EST | November 11, 2014
Pan Orient Energy to Sell 50% Stake in Block L53/48 to Sea Oil for $42.5M
Pan Orient Energy agrees to sell a 50 percent equity stake in the L53/48 concession in Thailand to Sea Oil for $42.5 million.
7:00 PM EST | November 05, 2014
Pan Orient Energy Fails to Find Hydrocarbons in Thailand's L53 Concession
Pan Orient Energy abandons L53-A Central exploration well after failing to find commercial hydrocarbons in L53 concession in Thailand.
7:00 PM EST | March 03, 2014
Pan Orient Energy Updates on Operations in Thailand, Indonesia
Pan Orient Energy provides an update on operations at its upstream assets in Thailand and Indonesia.
7:00 PM EST | February 26, 2014
Pan Orient Energy Expects EIA Approval for L53 Concession in late-February
Pan Orient Energy expects authorities to approve the environmental impact assessment for L53-G production concession in Thailand later this month.
7:00 PM EST | February 10, 2014
Pan Orient Energy Updates on Operations in Thailand, Canada, Indonesia
Pan Orient Energy provides an update on operations at its assets in Thailand, Indonesia and Canada.
8:00 PM EST | October 07, 2013
Pan Orient Abandons Cataka-1A Exploration Well
Pan Orient Energy abandons Cataka-1A exploration well in the Citarium Production Sharing Contract in Java, Indonesia.
8:00 PM EST | July 30, 2013
Pan Orient Notes Production Testing Progress at L53 Appraisal
Pan Orient Energy Corp. announced that the L53-DC3 appraisal well is currently on a 90 day production test producing 15 degree API oil.
8:00 PM EST | May 20, 2013
Pan Orient Briefs 2011 Year-End Reserves at Alberta Proj.
Pan Orient Energy Corp. released the December 31, 2011 National Instrument 51-101 compliant resource appraisal for Andora's oil sands project at Sawn Lake Alberta, Canada.
7:00 PM EST | February 23, 2012
Pan Orient to Abandon Cataka Well
Pan Orient announced the decision has been made to junk and abandon the Cataka-1 exploration well due to severe drilling difficulties.
7:00 PM EST | February 12, 2012
Pan Orient Plans Follow-Up Appraisal Wells in Thailand
Pan Orient announced it was encouraged by results at its Na Sanun East project and has planned three follow-up appraisal wells prior to year end.
8:00 PM EST | October 11, 2011
Pan Orient's Well All Wet in Indonesia
Pan Orient reported that the SE Tiung-1 well is currently being plugged and abandoned.
8:00 PM EST | August 01, 2011
Pan Orient Highlights Operating Results for 2010 Year-End
Pan Orient provided highlights of its 2010 year end and fourth quarter consolidated financial and operating results, and provided an outlook for 2011.
8:00 PM EST | April 13, 2011
Pan Orient Drills Ahead at Sumatra Well
Pan Orient announced that Tuba Obi Utara-1 is currently drilling ahead.
8:00 PM EST | March 23, 2011
Pan Orient Updates Ops in Thailand, Indonesia
Pan Orient updated its 2011 capital program and its operations in Indonesia and Thailand.
7:00 PM EST | February 08, 2011
Pan Orient Reports 'Highest Oil Flow Rate' in Thailand
Pan Orient reports highest oil flow rate of any well ever drilled onshore Thailand at Wichian Buri Extension Field.
8:00 PM EST | September 06, 2010
Pan Orient Updates on Austral-Asian Ops, 2010 Capex
Pan Orient provides an update on operations and the 2010 capital program for Thailand and Indonesia.
7:00 PM EST | January 24, 2010
Pan Orient Confirms Bo Rang 'A' and 'B' Discoveries in Thailand
Pan Orient has confirmed the testing of oil at commercial rates from two separate new discoveries, the Bo Rang "A" and Bo Rang "B" fields, located onshore Thailand.
8:00 PM EST | September 14, 2009
Pan Orient Strikes Oil at NSE-11 Well Onshore Thailand
Pan Orient Energy announced that testing of the NSE-I1 well has confirmed the discovery of commercial hydrocarbons.
8:00 PM EST | June 29, 2009
Pan Orient Makes New Pool Oil Discovery Onshore Thailand
Pan Orient made a new pool oil discovery at its L44/43 concession onshore Thailand.
8:00 PM EST | May 27, 2009
Pan Orient Energy Posts 2008 Financial, Operating Results
Pan Orient has provided highlights of its 2008 fourth quarter and 2008 year-end consolidated financial and operating results.
8:00 PM EST | April 21, 2009
Pan Orient Makes Modest Discovery at Thailand NSE-F1 Well
Pan Orient has announced a small discovery at the NSE-F1 well in Thailand.
8:00 PM EST | March 30, 2009
Pan Orient's Reserves Value Up for Sawn Lake Heavy Oil Project
Pan Orient's Proven Plus Probable reserves value for the heavy oil project at Sawn Lake Alberta, Canada, increased by 98%.
7:00 PM EST | February 22, 2009
Pan Orient Drills Ahead at Its Thailand Appraisal Wells
Pan Orient has provided an update for its Thailand operations.
7:00 PM EST | February 09, 2009
Pan Orient Updates on Thailand Drilling Program
Pan Orient has provided an operational update for its Thailand assets.
7:00 PM EST | January 05, 2009
Pan Orient Increases '08 Exit Production Rate by 83%
Pan Orient's year-end production rate was increased by 83% over 2007's exit rate.
7:00 PM EST | January 05, 2009
Pan Orient Reviews Drilling Operations in Thailand, Indonesia
Pan Orient Energy has provided an update on its Thailand and Indonesia operations.
7:00 PM EST | December 09, 2008
Pan Orient's NSE-A4 Production in Thailand at 830 BOPD
Pan Orient has issued a production update for its Thailand assets.
7:00 PM EST | November 17, 2008
Pan Orient's Thailand Well Producing at 710 BOPD
Pan Orient's NSE-D1 appraisal well, located approximately 455 meters north of the NSE-B drill pad in Thailand, is currently on production at a rate of approximately 710 bopd with a 0.1 to 0.3% water cut.
8:00 PM EST | October 27, 2008
Pan Orient Updates on Thailand Appraisal Wells
Pan Orient Energy has provided an operational update for its NSE-B1, NSE-A4 and NSE-D1 appraisal wells located in Thailand.
8:00 PM EST | October 06, 2008
Pan Orient: Two Thailand Wells Flowing at a Combined Rate of 3,480 bopd
Pan Orient says the NSE-A2 and NSE-B2 wells are free flowing oil from the main volcanic reservoir within the NSE central fault compartment at a combined stabilized rate of approximately 3,480 gross bopd day with less than 0.1% water cut.
8:00 PM EST | September 21, 2008
Pan Orient Underscores Thailand Operations
Pan Orient issued an operational update on its Thailand assets, which includes information concerning the NSE-A4 appraisal well, the L44-C appraisal well and the NSE-B1 horizontal appraisal well.
8:00 PM EST | August 11, 2008
Pan Orient Notes Normal Course Issuer Bid
Pan Orient announced that the TSX Venture Exchange has accepted its Notice of Intention to Make a Normal Course Issuer Bid. Under the terms of the Bid, Pan Orient will purchase, for cancellation, up to 2,288,488 of its I&O common shares.
8:00 PM EST | August 05, 2008
Pan Orient All Smiles at NSE-A3 Well Onshore Thailand
Carnarvon reported that testing is under way on the recently drilled NSE-A3 horizontal appraisal well, which is currently free flowing oil from the main volcanic reservoir within the Na Sanun East oil field.
8:00 PM EST | July 24, 2008
Pan Orient Flows Successfully at NSE-A3 Well
Pan Orient reported that the NSE-A3 horizontal well is free flowing oil from the main volcanic reservoir within the NSE central fault compartment at a stabilized rate of approximately 2,250 bopd.
8:00 PM EST | July 23, 2008
Pan Orient Makes Discovery at NSE-A1 in Thailand
Pan Orient reported that its NSE-A1 well is currently free flowing from a newly discovered, approximately 17 meter thick upper volcanic/volcanic clastic reservoir at a restricted rate of approximately 1,245 bopd.
8:00 PM EST | July 16, 2008
Pan Orient Continues Drilling in Thailand Prospects
Pan Orient issued an operational update on its Thailand prospects, including drilling updates for the NSE-A3 horizontal appraisal well, the L44-C vertical appraisal well, the L33-3 exploration well and the NS9-H1 horizontal appraisal well.
8:00 PM EST | July 16, 2008
Pan Orient Lands Another Indonesian Acquisition
Pan Orient has purchased an operated 69% working interest in the 4,440 square kilometer Citarum Production Sharing Contract, located onshore West Java, Indonesia. The total consideration for the purchase was $11 million between cash and stock.
8:00 PM EST | June 11, 2008
Pan Orient Offers Update on Thai Drilling Projects
Pan Orient Energy offered an update of its drilling procedures in Thailand, which include flows rates and other information on its numerous wells and projects.
8:00 PM EST | June 11, 2008
Pan Orient Announces Indonesian Acquisitions
Total consideration in the transaction is $6MM USD cash with the vendor, Ranhill Berhad and its related group of companies.
8:00 PM EST | May 11, 2008
Carnarvon Joint Venture in Thailand Increases Production
The Wichian Buri-1 exploration well has been abandoned after testing small amounts of natural gas with approximately 750 barrels of water per day from an open hole volcanic interval....
7:00 PM EST | January 15, 2008
Pan-Orient Energy Wins Some, Loses Some in Thailand
Pan-Orient Energy reports that the WB-1 (Deep) exploration well has been abandoned after testing small amounts of natural gas with approximately 750 barrels of water per day from an open hole volcanic interval.
7:00 PM EST | January 14, 2008
Pan Orient Energy Strikes 'Live Oil' in Thailand
Live oil was observed at the surface while drilling at 1,503, 1,556, 1,565 and 1,585 meters. Testing is anticipated to be completed within the next 12 days, initiating in 5 days after the Aztec 14 rig has been moved off location.
7:00 PM EST | January 01, 2008
Pan Orient Reaches Highest Flow Rate Ever Onshore Thailand
Pan Orient Energy Corp. reports that the deviated well L44H-D1 is flowing at a sustained, stabilized rate of approximately 3,940 barrels per day.
7:00 PM EST | December 11, 2007