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 Mongoose11on Apr 11, 2013 9:37pm

226 Views

Post# 21244706

RE: RE: Drilling Update Soon ?

If there's yet more bad news to come how much lower can POE go? Surely we're at close to cash levels already. Maybe they should sell the L53 assets in Thailand and let somebody else do it better? It worked last time. I averaged down twice last week and it busted below both levels. I'm starting to feel like an iodiot.

Bullboard Posts

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