Value Microcaps Junior Energy

[farwest]

Pan Orient - POE - horrific update.

Can't quite remember a more depressing update considering all the activity - dusters and disappointments wherever you looked.

Production is pitiful. Guidance is sure to be cut - perhaps in half. Reserves surely will be cut - again.

Indonesia may turn out to be a savior (but it's exploration, so odds are likely that it will be an expensive dud as well).

I was willing to play the exploration game with some confidence they'd be able to at least maintain production in Thailand. But I can't justify holding with current production and negative reserve outlook.

I notice that guidance was conspicuously absent in this NR...