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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Post by polygraph46on Apr 22, 2008 12:45am

464 Views

Post# 14994999

Re: Poe news release

vespula............a question about today's NR. Do you know if drilling fluid losses and severe lost circulation, for example, say a few thousand barrels of mud, is usually but not always indicative of "resevoir development"?
Also, the NR mentions the presence of "free oil", that in itself, may be a good sign.........pg46

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@ the Bell: TSX advances to start off Christmas trading week