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 straightupon Oct 24, 2007 6:46pm

228 Views

Post# 13683361

RE: Number crunching

No I am not saying the property is only good for 10,000/day. Right now I think they are at 6000. 3600 to POE so in the short term I think they can get to 6000 very quickly.Having hundreds of square kilometers I would be suprised production only reached 10,000bbl/d With the size of the property they have the sky is the limit. Any estimate could only be a complete guess on my part.I guess the seismic data being gathered for Bo Rang will help with your estimate of what may be possible.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario