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).

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CanAsia Energy Corp

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Comment by algroveon Jul 18, 2012 5:11pm

285 Views

Post# 20128178

RE: Greetings from SOU. . .

Moneyman59 said: "Our boffins calculations are that the top end of expectations could add 3-4p per share to SOU

SOU has 1,622 million shares outstanding. If we multiply that by 3 p, convert to $ at say 1.55 and then divide by their 20% interest, we get the following value for POE 1,622,000,000 x 3 x1.55 /0.2 = $377 million or roughly $ 6 per share incremental to POE. And we are talking here of only the upper (previously "secondary") zone. Not bad.

I still think POE will surpass its previous all time high of $15 by year end with any bit of luck (i.e. no delays in getting permits in Thai, and permits to drill in Sumatra by early Nov., as they currently hope).

Thanks Moneman59. Keep us advised.

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