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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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

Bullboard Posts
Comment by Sonny7on Aug 16, 2012 1:03pm
285 Views
Post# 20225305

RE: RE: RE: From SOUND this am

RE: RE: RE: From SOUND this am

I think that we have to assume that they are working at drilling towards TD. TD can be anywhere that a decision is made to cease drilling and TD is not necessarily the projected TD as per the drilling program.

I am guessing that the current hole size is causing problems with deviation issues and drilling is slow, key word being "guessing". This comes with the idea that the drill collars are not fitted with stabilizers and perhaps in the interests of preventing any further stuck drill strings in the hole   I also assume that formation pressures between the two zones of interest have been considered and are not an issue.

Bullboard Posts