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

Bullboard Posts

Comment by paljoeyon Jul 26, 2012 10:01am

245 Views

Post# 20154108

RE: RE: RE: "Interpretation..large share gas

Thanks for providing some clarification to these initial drilling results, which seems to be quite positive for the presence of high concentrations of natural gas.

If these tight sands can be produced, that would be superb.

Now, if they can hit more permeable zones at Parigi, the J-1 well will be a potential company maker.

Right now, POE is trading at its cash and drilling equipment value of about $3.80.

This seems incredible, given its other assets and production of 1300 bpd.

I notice that there were no major selling yesterday, among the 4-5 houses that cover POE.

Thats also positive.

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