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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
Comment by MiningMonsteron Feb 01, 2012 9:40pm
385 Views
Post# 19477394

RE: RE: Fairly quiet after last weeks runup!

RE: RE: Fairly quiet after last weeks runup!

The well looks great, too bad its in Thailand with its very harsh fiscal regime.

I wonder at what price the institutions will stop selling POE.  The shares are still being liquidated at these levels.  Ignore the pumpers, just look at the chart for yourself and be prudent. 

Check the board, I recommended this as a buy at 2 dollars in October several times.  I think we still go lower from here as it appears that some big players are unloading and a bunch of new pumpers have shown up on the board who are trapped having bought in to the hype at higher levels.  

Bullboard Posts