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).

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CanAsia Energy Corp

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Post by nozzpackon May 27, 2022 8:15am

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Post# 34711449

Sawn Lake Possibility

An investment of my is developing a combined geothermal and fossil fuel power generation project in the Swan Hills where our Sawn Lake Canada assets are.

They are using low productivity mature oil wells as their fossil fuels but because this is partly a " Green " project they are getting $14,4 million in Govt Grants.

Sawn Lake can be profitable at current prices and a geothermal bolt on would add to that profitability .

Just a thought..