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 MiningMonsteron Apr 19, 2012 1:23pm

370 Views

Post# 19813010

RE: RE: RE: RE: RE: RE: RE: Chen: is he buying or

He puts way too much faith in to management. I dont trust management as they have over promised and under delivered so many times it is now the official theme of the company.

The wells are declining just like the usual volcanic crud in Thai. So they say we have conventional sandstone, they will not decline like before and the best is yet to come, and what do we get, they are already pssing water everywhere. I think the wells are just like before, which is very bad news. How can I trust these guys.

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload