Pan Orient C$3.95
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Posted: Monday Mar 23 7:00:52AM 2009
POE.v +.18 to C$3.90 oil has been very strong recently. POE.v is a low cost producer in SE Asia. Their main play is in Thailand, where they have shallow, cheap wells to drill. The royalties are high but production increases and the low cost of drilling still make this economical at low oil prices.
Crude prices have surged recently, today topping US$52 from a low of ?$32? a few weeks ago.
This is one of the few oil plays I held because of their low costs and increasing production.
Posted: Monday Nov 3 9:30:10AM 2008
POE.v continues to move up in price. +.15 to C$5. Strong recent drilling results should boost net production near 10,000bpd in the near term and create solid cashflow and profits.
Posted: Thursday Oct 23 12:12:41PM 2008
POE.v Recently bought back into POE. They announced several positive drilling results and appear to be back in their best fields for developmental drilling.
Presentation gives overview of their fields in Thailand and Indonesia. Guiding to exit 2008 at net 9000bpd.