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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 crocks31on Jun 08, 2022 1:10pm
201 Views
Post# 34740837

Good Luck

Good LuckI've been invest in POE for the better part of 12 years; initially got in for the Indo potential home run; the first time back in 2012 then the share price dropped as they couldn't drill the depth requried.

Stock traded sideways for many years then we had the second run at indo a couple years back; a duster; very disappointing.

Fortunately thailand really stepped up and they found lots of oil and that turned things around; turned a pretty significant loss into a nice profit but if you look at what i've made over the 12 years compared to the indexes it's not as great. Microsoft would have been much better!

I've finally cashed out completely selling all shares this morning.  The way i look at it Thailand is valued at a dollar and they have $7.1M in the bank so that gives it a value of 14 cents for the cash so roughly $1.14 overall.  The unknown as just discussed today is the sawn lake value which could be significant or it could be nothing.


All i know is after 12 plus years i'm not going to be waiting around to find out.  Good luck to all of you but i won't be following or posting on this stock board again.

GLTA.


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