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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. The Company has working interests in, four heavy oil sand leases with 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 100% 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

Bullboard Posts
Comment by catrinaon Jul 06, 2006 12:16pm
138 Views
Post# 11069458

RE: news good news

RE: news good newsCome on bj you're talk'n out of both sides of your mouth...Are we scraping the cold flow potential? Now this whole play has tranformed into a SAGD project...POE has not talked about SAGD in any of its press releases...Why is that? Are all these reserves based on investing hundreds of $millions in a masive SAGD project now? Again haven't seen any mention of that in the news...The possible and probable reserves were granted based on some sort of extraction technique oui?non.If cold flow doesent work then the 2p number is gone.I did not say anything about ooip evaporating...If we are on to a SAGD project then the engineering will change to reflect the huge amount of capital required to extract the reserves. By the way not slaggin the play bj...Just concerned about how the story is getting out...I guess I should have just asked you...
Bullboard Posts