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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
Bullboard Posts
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Post by 101OilManon Aug 13, 2019 12:42am
187 Views
Post# 30020696

Q2/2019 Positive or Negative EPS (Earning Per Share)

Q2/2019 Positive or Negative EPS (Earning Per Share)It is very hard to guess whether the company could make a positive EPS in this quater or not.
Based on Page #8 of POE latest AGM presentation, I estimated that the POE Siam would generate around ca.16 MMCAD for 100% of the Joint Venture which will be 15.22 MMCAD after the Government Royalty.

50.01% of the joint venture is then equal to 7.61 MMCAD after Royalty, net to POE. I then compared the net revenue of this quater (yet to be released) with the previous quarter. In my opinion, it should be possibly resulting to a net gain attributed to common shareholder.

What do you think?

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities