11:35 AM EST - Pan Orient Energy Corp. : said its second-quarter 2009 net loss was $5.3 million or $0.12 per share versus a profit of $8.46 million or $0.17 per share last year. Funds flow from operations for the quarter was $16.58 million compared with $10.95 million in the second quarter of 2008. Funds flow from operations per share was $0.34 for the second quarter of 2009. In the second quarter of 2009, the company recorded a realized foreign exchange gain of $700,000 and an unrealized foreign exchange loss of $11.8 million. Second-quarter oil revenue, before royalties and transportation expense slipped to $26.43 million from $35.49 million in the comparable period. Pan Orient Energy Corp.
shares V.POE are trading down $0.90 at $4.50.
