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Bullboard - Stock Discussion Forum
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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TSXV:CEC - Post Discussion
CanAsia Energy Corp
> if we sell Alberta project
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•••
Lucky2021
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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.
(64)
•••
venture009
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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
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Lucky2021
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Comment by
Lucky2021
on Jun 02, 2023 12:17am
Thank you
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