CanAsia Energy Corp V.POE

Primary Symbol: 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 > Reduced production in Q1 2022

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Post by nozzpackon Mar 24, 2022 12:58pm

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Post# 34542046

Reduced production in Q1 2022

It will be needed in order to avoid the massive windfall tax on excess profits of up to 76%.

With the USD declining which means oil price increasing, POE will have trouble getting decent value fo the remaining Thai assets due to windfall tax limits on production.

I have reduced by valuation to $20 million cad

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