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Pan Orient Announces Third Quarter Results

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Pan Orient Announces Third Quarter Results

Pan Orient Energy Corp. has provided its 2014 third quarter consolidated financial and operating results.

Please note that all amounts are in Canadian dollars unless otherwise stated, converted using foreign exchange rates at September 30, 2014 where applicable, and BOPD refers to barrels of oil per day net to Pan Orient.

Highlights

  • Important quarter for the Company with significant advancement of exploration initiatives in all three regions: Thailand, Indonesia and Canada.
  • Substantial progress towards the corporate initiative of strengthening the Company's balance sheet and de-risking its portfolio of assets, through partial sale or seeking partners.
  • November 5th announcement that Pan Orient has entered into an agreement to sell a 50% interest in the subsidiary holding Thailand Concession L53 for net…
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