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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
Comment by c0014377on Nov 10, 2014 7:04pm
235 Views
Post# 23115322

RE:RE:In tonight's SW Energy Summary

RE:RE:In tonight's SW Energy SummaryWeybac, where do you see in the agreement anything related to energy prices?  The below quote is straight out of the press release.

"The sale and purchase agreement contains customary representations, warranties, covenants and indemnities in favor of Sea Oil. Closing is subject to Sea Oil shareholder approval (at a meeting scheduled for December 17, 2014), financing, certain regulatory and other third party approvals and waivers, as well as other customary closing conditions. A USD $4 million break fee is payable by Sea Oil if shareholder approval or financing is not obtained."
Bullboard Posts