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).

TSXV:CEC - Post by User

CanAsia Energy Corp > Q-1

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Comment by nozzpackon May 12, 2022 4:21pm

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Post# 34679313

RE:RE:RE:Q-1

Good point.
The book value of the Thai producing assets rose to just over $28 million or about $0.56 per share.

Add the intuited $7.9 million and you end up with an Approx $0.70 in a ROC dividend ....much as I had earlier estimated.

I do hope I am wrong on the conservative side but $0.70 cash back is yet another superb ROC to the patient investor .

Looks like maybe $20 million in cash left in the stub.

GLTA

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