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

Bullboard Posts

Comment by goldplungeron Nov 01, 2008 10:16am

814 Views

Post# 15560218

RE: RE: RE: EXTREMELY -- goldplunger

Yes, I bought my first batch at 3.20 CAN about a month ago and have been nibbling to as high as 4.20 CAN. I have a nice chunk now, so look forward to holding this for a year to see what it looks like on the other end. I've reallocated my portfolio during this deleveraging into low cost oil and low cost gold producers. I still think we haven't seen the "low" in oil or gold which I expect to happen before year end. Either way my companies will be making money, and I will be ready when the reflation happens in the 2nd half 2009. Can you imagine the numbers POE will be putting up with 100+ oil in a year or so when production is 15-25k bopd.

Bullboard Posts

Corus reports Q1 profit drop in the face of falling revenue