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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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

Post by Sugoioion Aug 17, 2020 11:09am
225 Views
Post# 31417661

What's next

What's nextThis has been a disappointing stock, such high hopes for Indonesia. Jeff should look at food energy and invest some of POE's cash in Verde Agritech, NPK. Quarter on quarter exponential sales. Market cap of only $37million. On track for 2020 sales of $10million. Enough reserves to provide 25million tonne a year (~$50/tonne) to a Brazilian agriculture market hungry for their superior product. NPV of $2 Billion. If they keep this up they'll reach that sooner than later. With only 46million shares thats a heavy chunk per share for shareholders. Apologies for posting off topic on this board, but for me Verde is hitting all the opportunity that POE promised but did not deliver. Good luck fellow POE bag holders.
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