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 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

CanAsia Energy Corp

Bullboard Posts

Comment by Dave4444on Sep 21, 2007 8:06am

326 Views

Post# 13440939

Country Risk could be an issue, does

anyone know the past experience with the government and other resource companies? And it has had a good run, think I will wait for the inevitable pullback. I have shares in other companies such a SOR which had a well flow at 5,000 BOE and yet after initial excitement it pulled back and is now going nowhere.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario