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 Framfondon Jan 22, 2010 10:50am

444 Views

Post# 16707781

RE: RE: Takeover target?

Thanks for your warning about delay of PR. It gave me more shares cheaper when market opened today.
There is no delay. Tests ongoing last 2 weeks. PR will come when everything is done and written.
Nobody knows what it will say.
Personally I believe Pan Orient is worth 8-10CAD without L-53 when we have reserve update in some weeks.
L-53, if successful, will open up new opportunities and soon we will start countdown on Indonesia.

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