CanAsia Energy Corp V.CEC

Alternate Symbol(s): CECAF

Energy Oil & Gas E&P

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).

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CanAsia Energy Corp

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Comment by c0014377on Sep 22, 2017 1:58pm

382 Views

Post# 26731917

RE:RE:RE:RE:RE:RE:Action

The top of the BRF was expected at 1200m (Page 10) and they only drilled 1140m before hitting a “granitic basement”. I’m guessing they are aiming south to get around the fault and test BRF and LTAF which is another 410m down.

The LTAF has a structural closure of 188km2 which is massive - if it hits (Page 14).

If Gumai hits next year we could be looking at a market cap of $1B.

Exciting times! GLTA

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