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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 interests in 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 75% 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 dowdon Nov 10, 2016 10:41pm
316 Views
Post# 25447978

Trump and POE value

Trump and POE valueDoes anyone agree that the white elephant and money pit also known as Sawn Lake just became a lot more valuable now that Trump has won?

Trump has said that if he were elected one of the first things he would do is to call Transcanada and ask them to resubmit the Keystone application so that he can approve it. 

Sawn Lake  is very important in calculating the margin of safety with POE. Even in the worst cast that Bata Gajah is lost and the Anggun well is a duster, an investor buying today can still hope to break even or turn a profit due to Sawn Lake being much more viable and actually having some value in a sale if the Keystone pipeline is approved. 

Is this thinking correct? Also, is 25 to 50 cents a barrel times 200 million barrels a very rough way to caculate the potential value of Sawn Lake? 
Bullboard Posts