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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 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).


TSXV:CEC - Post by User

Post by radcaton Oct 02, 2021 8:35am
428 Views
Post# 33957191

No Wind

No WindThere hasn't been a breeze around here in years but that might change soon. Bank of America predicts $100.00 crude this winter. Jeff did indicate POE will participate in Thai land auctions that are supposed to take place at the end of this year or early next. I don't see them selling L-53 unless they can buy another property with better prospects, and have an ownership of 100% instead of 50.1% Hoping for hurricane force winds by Springtime and that this is the calm before the storm.   
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