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CanAsia Energy Corp V.POE


Primary Symbol: 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

Comment by bullhorn3on Aug 05, 2022 8:30pm
124 Views
Post# 34875736

RE:RE:CanAsia Equity Incentive Plan

RE:RE:CanAsia Equity Incentive PlanThanks for your input, yes incentives are good, but as with all things, there can be a range of too little, to too much. I need someone to comment who knows what the normal range is and can say if this deal is too rich. Management is already planning to collect rich severance fees for the transition that they are orchestrating and these fees will be payable from the start-up funding of CanAsia, I believe.
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