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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
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Comment by andyranon May 23, 2012 11:14am
293 Views
Post# 19937429

RE: NR

RE: NR

Wow, this is huge.  The company only has a $250M market cap and they just raised over 2/3rds of it in a sale of some assets.  The company will now have almost their entire market cap in cash!  Simply awesome.

 

Shareholder rights plan is to prevent a takeover.  Huge news today in my opinion.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities