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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
Post by algroveon Jan 23, 2013 11:38am
481 Views
Post# 20877807

new Presentation

new Presentation

https://www.panorient.ca/images/stories/file/presentation.pdf

Dated Jan 2013 but before this recent discovery. Therefore, it does not reflect the decision to twin this new well, which incidentally is a very wise and conservative decision by POE (instead of attempting a multi zone dual completion from the existing well bore).

Even assuming that Thai production does not increase beyond 1,500 boed (highly unlikely. I expect a triple of that by year end, but based on gut feel not facts) they estimate cash on hand at the end of 2013, after all drilling expenses in both Thailand and Indo, to still exceed $60 million. A very enviable liquidity position.

Bullboard Posts