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 Public_Heelon Mar 26, 2013 11:15am

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Post# 21168430

RE: RE: Andorra - $1.50/bbl ??

Thinking of it in per-share metrics is missing the point. If it's pegged at $1.50/bbl, it takes only a very small drop in the price of oil to make it worthless. A slight increase in capex or opex does the same. Granted, it can work the other way, as well, but probably only as far as prices go. How many times do expenses come in less than projected?

So how do you sell something that's essentially valued at zero?

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