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

Bullboard Posts

Post by speedemonon Jul 24, 2012 12:27pm

276 Views

Post# 20146838

RE: Sellers at these levels need to check their he

I agree Tinmann, but the share price has run up 20% in one month. Some investors are happy with that regardless of fundamentals. Seems the selling is light and the buyers are taking a break.

I'm long on Pan Orient and as the next news approaches I'm sure the buyers will be back testing the $4.40's. Lets hope we hold in above $4 until then

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