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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 Sep 19, 2017 1:41pm
239 Views
Post# 26715019

RE:RE:Action

RE:RE:ActionI would sum up my thoughts like this;
 
The BRF was expected to hit the crest at 1200 meters and instead found it at 1140m before hitting granite.  Based on how quickly management decided to drill (before partner meeting) I believe they think the oil extends into the “thick apron” of the Lower Talang Akar which they state as “on-lapping” the AYU-1X “high”.   The down-dip to that structure is expected to be 700m south (and 300m down?) from the location of the AYU-1X site.  Hopefully – the AYU-1X drill found oil but hit a fault before knowing its true vertical extent. I’m betting with Management that the oil extends down into those sandstones.  Would welcome a counter to my argument.  GLTA
Bullboard Posts