TSXV:OOI.H - Post by User
Comment by
dyazon Jan 02, 2014 12:41pm
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Post# 22052997
RE:RE:RE:Time for some news ??
RE:RE:RE:Time for some news ??
It appears from the POE news excerpt below that work continues in Thailand during the political crisis. It also appears as though the ministry that approves the EIA has done some recent work for POE so it is safe to assume that the gov't there continues to function. Hopefully we will soon hear of the 2014 plans for OOI as they will have to comment shortly on the EIA and deadline for drilling a well in FEB. I am curious if they plan to replace the directors that resigned late last year. I expect they will comment on that too in the near future. ______________________________ Pan Orient Energy Corp. (TSX: V.POE, Stock Forum) provided an update on operations in Thailand, Indonesia and Canada. According to the Pan Orient Energy press release, the two workovers just completed in Thailand Concession L53 have been highly successful, adding a combined 230 barrels of oil per day. Two additional workovers remain between now and year-end and full production capacity is expected to commence in late January 2014 after the L53-G environmental impact assessment is approved and the three currently shut-in L53-G wells are turned back on. In Thailand, it is anticipated that at least three wells will be drilled in 2014 starting with the L53 "A" Central exploration well in February. Any exploration success in Thailand would significantly impact the number of wells drilled in Concession L53