09:47 AM EST - Pan Orient Energy Corp. : reported first-quarter net income of $2.88 million or $0.06 per share, compared to $3.42 million or $0.07 per share last year. Funds flow from operations was $15.24 million or $0.32 per share, up from $10.61 million or $0.22 per share in the previous year. Oil revenue, before royalties and transportation expense, declined to $26.70 million from $32.50 million a year earlier. Pan Orient Energy Corp.
shares V.POE are trading up $0.05 at $5.40.
