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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
Post by speedemonon Jun 11, 2012 3:24pm
262 Views
Post# 20000619

cash

cash

Just became aware of this play on Thursday, did my DD over the weekend and am buying today and plan to buy all week. I have been sitting on cash waiting for an opportunity, this seems better than cash. Market cap is below cash value and tons of upside.  The only danger is they use the cash to buy another asset that may present risk. I'm hoping for conservative management, stock buy back and/or special dividend, excellerated exploration. Lots of news flow seems ready for after the close of the sale. I hope the markets stay nervous untill I fill my boots

Bullboard Posts