CanAsia Energy Corp V.CEC

Alternate Symbol(s): CECAF

Energy Oil & Gas E&P

CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development. The Company has working interests in, four heavy oil sand leases with 27 sections (24.25 net sections) of Sawn Lake Alberta Crown oil sands leases within the Alberta Peace River Oil Sands area. In the Sawn Lake Central area, it operates with a 100% working interest in two oil sands leases with 11 gross sections (8.25 net sections). In the Sawn Lake South area, it operates with a 100% working interest in three oil sands leases with 16 gross sections (16 net sections).

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CanAsia Energy Corp

Bullboard Posts

Post by catrinaon Oct 13, 2006 4:37pm

244 Views

Post# 11501239

Swan Lake wells not capable of production

back in the yard chickens...Funny how only the bs news hits the wire...Again so typical and so predictable of such an amature act... The corp finance departments that so freely handed over the cash on this deal will be looking silly soon...not that they care... Oh ya, forgot this was a thermal project all along... wonder how much $$ D&M put in the capex to extract all those probable and possible reserves?Will it cost more than $100 million?more than likely... Why is that number not in the news? What will be the next twist? Bad cement on poe6...Oh so tragic

Bullboard Posts

How a junior advances one of the largest undeveloped diamond projects