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 > Good Luck

<< Previous

Bullboard Posts

Next >>

Comment by windymayor1on Jun 08, 2022 5:20pm

166 Views

Post# 34741794

RE:Good Luck

Ok. Same here. I have been in since Sawne Lake which was the first domestic acquisiton after they purchased Tiger Petroleum in Thailand.
Since they will be paying a $0.991/sh cash distribution in August, owning the stock here at $1.11 will be, after the payout, a $0.12/sh cost. Also much capital has been spend over the years on the Andora project and the initial test well came in at 620 bopd then the company planned a 3,500 bopd SAGD program once oil is high enough and makes the project economic (WCS is $100.00 today), Timing is everything.

<< Previous

Bullboard Posts

Next >>

Tilray Brands launches health-conscious cannabis drinks