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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 speedemonon Jun 22, 2012 11:59am
378 Views
Post# 20044232

Re: Status of Jataju-1 well

Re: Status of Jataju-1 well

If you read the May 28 NR the section on Indonesia stated the drill got stuck at 6150 feet, the were going to break and restart at 1444 m.

The positive was they encountered methane gas similar to the 780 Bcf Subang gas feild to the north.

780 Bcf is 130 million BOE

Bullboard Posts
Dealroom for high-potential pre-IPO opportunities