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 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).

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CanAsia Energy Corp

Bullboard Posts

Comment by dowdon Jun 28, 2018 10:57am

212 Views

Post# 28244443

RE:Starting to look at POE again

“even $2/bbl”

When thinking about NAV people were using 50 cents to a dollar a barrel a few years ago.

It is a nice smaller SAGD project ready to go but do you really think $2 is realistic? Is this for POE’s 141 million barrels. If so, then wow I like it because I am in this for the Anggun moonshot :)

if Andorra has any postive value even 25 cents/barrel then the downside of a miss at Anguun is covered.

i just hope they can spud Anggun before the concession expires.....

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