Canada The Company's 53.4%-owned subsidiary Andora Energy Corporation ("Andora") holds interests ranging from 10% to 100% in 85.5 contiguous sections of heavy oil sands leases in the Sawn Lake Property which lies within the central Alberta Peace River Oil Sands area.
Sawn Lake Contingent Resources at Dec31, 201
14 MMbbl 2C contingent resources attributed to Pan Orient’s 53.4% ownership of Andora
• Process underway to enhance shareholder value with all options considered: – Outright or partial sale – IPO – Strategic investment/partne
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