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 paljoeyon Aug 22, 2012 2:57pm

264 Views

Post# 20248202

RE: RE: RE: RE: Old Shares/New Shares/Dividend

The dividend is a no lose proposition.

Lets say you have 100,000 shares ( which I Have ) and you intend to stay invested here until the full extent of the assets here are developed ( which will take several years ), right away I get $75,000 which is tax free for this year.

I will still hold my shares for at least 2-3 years, so I will also benefit for the full upside which could be as high as $20 per share, if Chen Lin and Dundee are on target.

There wont be any share dilution as we are fully financed thru 2014, and will probably be taken over by then.

Then theres the Sawn Lake spin-out and 5 more development wells later this year that should see us exit 2012 with a production above 2500 bpd, the same level which we just sold for $170 million.

Only fools would sell now, but there are always fools.

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