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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Post by Dave4444on Sep 25, 2019 5:51pm

396 Views

Post# 30164805

Chen Lin 9/18/19

Here is what Chen said:

"Right now, Pan Orient Energy Corp.'s Thailand net asset value, around CA$2.50 plus cash, should be trading at CA$3+ without any consideration of the ultra high-impact Indonesia drilling starting next month. Basically, I believe even if Indonesia fails, the current assets plus cash should be worth at least CA$3."

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