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 Mongoose11on Aug 10, 2012 12:37pm

155 Views

Post# 20204310

RE: RE: RE: RE: RE: Thoughts on the dividend!

I am also content with the special dividend since my marginal tax rate is high (people say that I'm lucky but it's a debatable topic for sure). If I can't put the cash to better use than the 1% POE would likely earn having the surplus cash sit in a short term money market account then I'd be ashamed of myself. If they can keep creating/spinning off cash like this then it's a testament to their sucess no?

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario