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).

TSXV:CEC - Post by User

CanAsia Energy Corp > Q-2 & Operating Results

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Aug 10, 2022 11:11am

144 Views

Post# 34884833

RE:RE:Q-2 & Operating Results

I agree.
Dialog gets to keep the $12.8 m earned by us in the first half of 2022 which reduces its acquisition price by about $0.26 cad.

So, the actual price that we receive is about $37 million cad.
If we had not sold, we would have gotten $0.26 per share in cash which they could have distributed to shareholders as a special dividend and current oil prices about $0.17 for the second half of 2022.

Thats over $0.40 per share and we still have about 4 years of reserves left.

Not a great deal so I will vote NO

<< Previous

Bullboard Posts

Next >>

Liberty Defense expands its international customer base