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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
User Avatar Image
(2)
•••
Post by derbon99on Feb 28, 2012 5:28am
495 Views
Post# 19595988

On the road to 5

On the road to 5

-production around 4000 bopd right now

-no debt and even some cash

-lottery ticket Indonesia

-some upside from L33/44 possible with new techniques and new wells

-big drill campaign at end of May that will for sure push the production higher

We should reach quite easily a first target of 5 or a market cap of 300 mios

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities