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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 algroveon Jul 09, 2012 9:31am
418 Views
Post# 20094023

One more comment

One more comment

Re Sawn Lake, there is a good likelihood that they would stock dividend out the shares in Andora to POE shareholders, as part of the corporate re-organization in late August/early Sept.  That would be a re-capitalized Andora, with a possible stock market listing.  I speculated about that when they originally announced the dividend, as the possible reason why the meeting date was set so far away.

Bullboard Posts