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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 Apr 01, 2013 12:25pm
426 Views
Post# 21192599

2013 Production Report

2013 Production Report

"Updated guidance for 2013 oil production will be provided at the completion of the drilling of the two remaining exploration wells at L53-G2 and L53-F and the appraisal well at L53-DC3."

Looking forward to the production report. I think the market will be fairly suprised by the increase in production on this report from Thailand wells. This may give us insight as to why we decided to drill 3 more wells in Thailand this year. I believe the market is undervaluing the idea of increased BOPD. Of course this is all speculation. Not worried by the weak share price today. Typical small cap company. I'm here for the long term with Pan Orient. 

Bullboard Posts

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