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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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).


TSXV:CEC - Post by User

Bullboard Posts
Post by 3lectricgorillaon Mar 26, 2013 5:26pm
369 Views
Post# 21171034

Alot To Look Forward To

Alot To Look Forward To

In Indonesia we still have BUANA-1 (appraisal) and KEMALA-1 (exploration). BUANA-1 is projected for the end of March and KEMALA-1 is projected for late April early May. Also have the CATAKA-1A exploration well projected some time in June. Lots of 2D and 3D seismic activity for much of the year in Indonesia as well. In Thailand we still have all the well's under the L53 concession including L53-DC1, L53-DB1, L53-DB2, L53-H, and L53-F. All five of these wells were projected for drilling from Feb. out to mid April. I'd personally like to have the full L53 concession drilled before getting an update. I'd imagine the L53-H and L53-F are just wrapping up now if not in the next 2-3 weeks. The next update could be from the BUANA-1 appraisal well. Lot of exciting news to look forward to.  

Bullboard Posts

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