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).

TSXV:CEC - Post by User

CanAsia Energy Corp

Bullboard Posts

Comment by Steelhead15on Mar 28, 2013 10:33am

356 Views

Post# 21180049

RE: RE: RE: Disbelief

This is no time to sell. These guys may figure out how to increase production at the other levels. However, as a company, there are too many failures or poor results compared to winners. I've invested in this company a few times over 3 yrs. due to Chen Lin. I've never made any money. In fact, one of my biggest losers.

After watching so many disappointing results, I get the feeling the head geologist is rather poor and the driller could be worse. If this were the NFL, I'd equate this company to the Buffalo Bills- constantly scrapping the bottom while keeping hopes up.

I guess I should learn. At least I no longer pay Chen Lin.

Bullboard Posts

The investment impact of the U.S. 25% tariff on Canadian imports