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).

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CanAsia Energy Corp

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Comment by dorinhoon Dec 13, 2007 12:28am

290 Views

Post# 14012324

RE: From CFO Bednar ...

Hola Tian y 545! Tian, sorry about the mixed up spelling ... it is indeed smart investment.ca! No, 545 I did not bring this up ... too focused on the p/l question to ask such an excellent question. Somehow I think the testing of the deep well by the end of the year would be problematic. We certainly share a great curiosity about what is 'down there'!! Have a good night compadres and let's hope we can break $12 tomorrow. I wish I had more experience in the sector because I just can not remember a company with such a line-up of development wells with the sort of impacts the company is producing! I do not know how many tanker trucks are in the region but it would seem that Pan Orient would have the number of most of them!! Hasta luego! Dorinho

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