Pan Orient Energy (POE-V) Oil Triple Threat and Next Ten Bagger?

A friend told me about Pan Orient Energy (POE-V) a few weeks ago. It looks interesting. I spent some time on the phone with company president Jeff Chisholm about their plans for the future. They have become a sponsor and will be on both 321gold and 321energy.
Pan Orient is a triple threat.
They have operations in Thailand where they have existing oil production. On February 10 they announced oil sales of just over 500 BOPD. They followed that up with another press release on Feb 26 where they announced approval of their environmental impact assessment that allowed them to turn on three additional wells and increase total production from the L53 field to 1,100 BOPD. The Thailand operations alone will provide about $27 million a year free cash flow. This is on a company with a market cap today of only $110 million. Trading for 4 times cash flow seems pretty cheap and that project is only one of three.  (more)
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