CanAsia Energy Corp V.CEC

Chen / Energy Report

[radcat]

Chen Lin, What Is Chen Buying? What Is Chen Selling?

(2/1/22)

"Pan Orient Energy Corp. announced the reserve report. . .its after-tax net present value at 75 oil is CA$1.09/share (10% discount rate) to 1.24/share (5%). That led me to believe strongly that the share price should be well over CA$1 after the CA$0.40 distribution next week."

[radcat]

On Friday Brent closed at $93.27. Wonder what the net present value is at $93 vs. $75. I predict more! Should the value of L-53 be as low as some predict, I prefer to keep the asset and issue monthly or quarterly distributions instead since management is on a mission to return shareholder value. If Thailand isn't work more than $1 per share, keep it. 

[bullhorn3]

Radcat, I agree. Using US$93 instead of US$75 gives a 24% increase in Chen's NPV numbers (i.e $1.35 and $1.54). How long will Brent stay high? Maybe long enough to pump a lot of value from the Thai asset if they drill more wells quickly. When the pandemic ends, there will be a rush to electrify the world, but the copper, lithium,... aren't available in quantities needed and OPEC can't

[radcat]

Now that we have the reserves report, when will numerous third parties present their offers? Our barrels are worth more, we are doing 12 workovers, and drilling 3 new DD wells. All this should be factored into an offer. If there are multiple buyers expressing interest, does this mean a possible biding war?    the Company has been actively engaged with numerous third parties that are