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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 nozzpackon May 01, 2022 1:16pm
212 Views
Post# 34646029

Coming Soon

Coming SoonWe are now into May, a month that I envisage disclosure of the sale of the remaining onshore assets and quite possibly the results of any bids in the 34th auction which is entirely for offshore blocks.

There are quite possibly other Canadian listed bidders such as VLE, TNZ and possibly TAO.

There May also be joint bids , possibly involving the above other Canadian juniors.

As to whom the presumed successful bidder for the remaining Thai assets, quite possibly VLE among perhaps many others .
In summary, May promises to be a month in which he emerge from the contained price doldrums.

GLTA
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