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).

TSXV:CEC - Post by User

CanAsia Energy Corp

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Post by 101OilManon Apr 10, 2018 10:30pm

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Post# 27863825

POE share price moving in a wrong direction

POE share price keeps falling down even though the oil price is climbing up to 70 USD/BBL (Brent).
Is there anything happened but the company has not yet disclosed to the market?
Or is it just lacking of new story?

The Thailand L53 block still generates cash.
No news on East Jabung, except drilling ANGGUN in September.
At the current oil price, Sawn lake developmment should be viable. Another option is the divestiture of this asset to get cash and probably return to shareholders as a dividend.

Until now, the information disclosed to shareholders are very limited.

What do you think?

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