Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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

Bullboard Posts
Comment by goldplungeron Nov 28, 2008 9:44am
744 Views
Post# 15616115

RE: Indonesia

RE: IndonesiaOnly a 10% success rate on this indonesia well so don't hold your breath.  It's a lottery ticket and a company changer if if it does hit but not likely.  I'm more interested in: 

Up to two additional wells (not includingthe currently drilling NSE-D2)may be drilled into the NSE field between now andyear end depending onreservoir performance balanced against the desire tocomplete at leasttwo high impact wells targeting: 1) an area of large resourcepotentialeast of and adjacent the NSE producing area, and 2) a potential oilleginterpreted to be down dip to gas that was tested in the Bo Rang-1well. BoRang-1 was drilled by a previous operator in 1990 and flowedgas at a rate of5.5 MMcf/d from one of four potential volcanic zones.
Bullboard Posts