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 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

CanAsia Energy Corp > Andora Energy

<< Previous

Bullboard Posts

Next >>

Comment by radcaton May 04, 2022 6:56am

125 Views

Post# 34653947

RE:Andora Energy

This is a material event and POE should be issuing a news release very soon. Maurel and Prom I believe paid $40 million for their 25% stake. Did Pan Orient have a hard time selling their 50% and will owning 75% of Sawn Lake be easier to sell now? What price did Andora pay? That will more or less determine Sawn Lakes worth.

<< Previous

Bullboard Posts

Next >>

One of the strongest contenders to lead Canada’s cannabis market