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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 Aug 31, 2017 4:13pm
385 Views
Post# 26644204

RE:RE:Mackie report

RE:RE:Mackie reportPublic_Heel

This statement from the press release makes me think it's on top of an oil structure, "…which will sidetrack from the AYU-1X wellbore to a subsurface location approximately 700 meters south of the AYU-1X well location, targeting a potential thick apron of Lower Talang Akar sandstones on-lapping the AYU-1X high”   

The word - "on-lapping" used with AYU-1X high indicates (to me) that its one structure which is why they used the word reservoir (which taken literally means lake).  Its seems they think its the crest of a bigger discovery.   My 2c

Thoughts?
Bullboard Posts