Presentation Dec 1st, 2020Thought I would post POE's recent presentation in case some of you haven't read it yet. Management will make a decision on L-53 once the reserves report is ready sometime in February. They also mention possibly participating in the Thai offshore lease auctions that take place this year. So we could go from an onshore producer to offshore which is where the larger reserves are found in Thailand.
Andora is receiving loans from POE that are convertible. A $500 grand loan converts at 1 cent per share in addition to a previous loan that converts at 15 cents. POE can pretty much end up majority owners of Sawn Lake. While oilsands isn't a good asset at the moment, things can change now oil is on the raise. With a bit of luck we may find ourselves in a good things come to those who wait scenario.
Pan Orient Presentation