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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 algroveon Jan 23, 2013 10:58am
387 Views
Post# 20877428

RE: Reserves

RE: Reserves

Too early to tell.  Too many parameters are still unknown (even to the company). 

 

Keeping it in perspective, these are much smaller prospects than the Indonesian ones, but at the same time more certain to succeed and much less challenging to drill.  The Thailand drilling will at best result in a doubling of the share price by year end, whereas the Indo ones could lead to five or ten baggers.  That is where the real prize is. 

Bullboard Posts