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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
Post by Framfondon Jan 22, 2010 11:09am
500 Views
Post# 16707910

Testing L53 & BR-2ST2 - What to expect?

Testing L53 & BR-2ST2 - What to expect?

Press Release from 16th of December:

L53-A Exploration Well (100% WI and operator)
Upon completion of testing operations on the secondary volcanic objective, the zone will be isolated with a bridge plug and testing will commence on the lowermost main objective sandstone reservoir where over 40 meters of measured thickness net oil pay was interpreted on logs and confirmed by RFT pressure gradients.

L53-D Exploration Well (100% WI and operator)

The L53-D exploration well, located approximately 8.4 kilometers west of the L53-A discovery on a separate structural closure is currently setting intermediate casing at a depth of 560 meters, just above the multiple sandstone reservoir objectives. Free oil was observed at surface on samples from a depth of approximately 550 to 560 meters. The well is anticipated to be completed drilling in approximately seven days, at which time testing operations will commence if justified by wire line logging.

BR-2ST2 Horizontal Appraisal Well (60% WI and operator)

The BR-2ST2 horizontal appraisal well has just completed the drilling of approximately 350 meters of horizontal section within the main volcanic reservoir objective. This is the third horizontal well to be drilled at Bo Rang "B" field and testing operations are anticipated to commence in the next three days.

As you see there where a few things to be done before testing started + a christmas break. I believe the test can be ready by the end of this week or early next week.

Bullboard Posts