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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Comment by Fischlaenderon Sep 07, 2010 8:52am

723 Views

Post# 17418877

RE: Gap and run this am :)

This hole alone doubles current Thailand production rates!

Imagine if all the other wells on this target are brought on production as well, they will imho exceed 10k BOE from Thai operations alone and that would mean approx 270mio USD revenues based on current world market crude prices, equalling current POE's market cap.

I think 10 CAD is therfore a very very conservative estimate!

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