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 Public_Heelon Jul 25, 2012 2:01pm

334 Views

Post# 20151285

RE: "Interpretation

I have yet to see an NR that's ambiguous-to-negative turn out to be overly pessimistic. At this point, I'm just hoping they don't have to junk the well entirely and start over again in 2013.

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Onew would think that after Cataka-1, and now this, they'd start being very careful with their well design, even if it cost a couple $mill more....

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