Oil & Energy - Chino, California, United States
Corporate ProfilePan Orient is a Canadian publicly listed (TSX-V: POE) junior oil and natural gas company based in Calgary, Alberta, Canada. The Company's principal properties are divided into three distinct groups: 1) partially developed concession located on-shore Thailand; 2) interests in production sharing contracts on-shore Indonesia; and 3) Canadian oil sand properties;ThailandThe Company's 50% owned subsidiary Pan Orient Energy (Siam) Ltd. is operator with a 100% working interest in oil producing Concession L53/48 on-shore Thailand.IndonesiaThe Company has interests in three production sharing contracts on-shore Indonesia: 1) Batu Gajah (77% and operated); 2) Citarum (97% and operated); and 3) East Jabung (49% and non-operated after farmout).CanadaThe Company's 71.8%-owned subsidiary Andora Energy Corporation ("Andora") holds interests ranging from 10% to 100% in 88 contiguous sections of heavy oil sands leases in the Sawn Lake Property which lies within the central Alberta Peace River Oil Sands area. Andora is operator of a demonstration project at Sawn Lake which started producing bitumen from one steam-assisted gravity drainage ("SAGD") well pair in September 2014.
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