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

Post by thomsonion Apr 29, 2014 1:29pm

279 Views

Post# 22503178

L45/50

L45/50, 1,989 sq km onshore Chao Phraya Basin, was relinquished upon expiry of phase 2 explo on 27 Apr 14. A USD0.5 MM penalty will be due for unfulfilled commitments of 2 wells. Pan Orient (op) 60%, Mitra 40%.

Bullboard Posts

Critical materials crisis: Diversifying away from China’s monopoly