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 bob4977on Mar 27, 2013 9:13pm

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Post# 21177965

RE: RE: RE: RE: RE: Sawn Lake

I will just trust your numbers neugrufti. The smaller producers can ship enough by rail to make a difference but the larger producers have too many logistical problems to do the same. Good for Southern Pacific. Suncor just put their Voyageur program on permanent hold and wrote off more as a result. Not many want to invest large sums of money in the Oil Sands right now with the margins so low.

Bob

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