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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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Post by andyranon Jun 13, 2012 3:23pm
252 Views
Post# 20009867

Back in...

Back in...

..sold out the past week or so but couldn't resist.  Stock trading at less than cash and apparently the company has plans for Canadian oil sands...between that, L53, and Indonesia this company is stupid undervalued.  Wouldn't be surprised to the see the company pay out some of the cash as a dividend.  They sold the property to showcase value it seems.

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities