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Bullboard - Stock Discussion Forum 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... see more

TSXV:CEC - Post Discussion

CanAsia Energy Corp > if we sell Alberta project
View:
Post by Lucky2021 on May 16, 2023 12:15am

if we sell Alberta project

Any guess if we sell Alberta what amount we could possibly get?
I assume POE spent well over 30 millions on that project.
Comment by venture009 on Jun 01, 2023 12:33pm
With no production to prove it's potential, it's difficult to say. Oil & gas assets are selling between $60,000 and $100,000 per flowing boe. so 1000 boe should garner close to $100 million. But this management have done everything on the cheap and not certain they will even go this route. They seem bent on once again spending their time in Thailand even though they have had "iffy ...more  
Comment by Lucky2021 on Jun 02, 2023 12:17am
Thank you