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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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

Bullboard Posts
Post by seanyboyon May 08, 2014 10:45am
287 Views
Post# 22538439

blurb

blurb
Here's something more recent that I just found.

https://www.skkmigas.go.id/en/pan-orient-energy-east-jabung-pte-ltd-rampungkan-seismic-2d

Pan Orient Energy East Jabung Pte. Ltd Concludes the Seismic 2D

17 April 2014

Jambi – Contractor of Cooperation Contract (KKKS), Pan Orient Energy East Jabung, managed to complete the Seismic 2D survey of 444 kilometer in East Jabung Blok. This activity was conducted in four regencies located within Riau and Jambi Provinces.

“It is expected that following the completion of this seismic survey, the evaluation will also produce a great result as the state is highly in need of additional reserves of oil,” said Head of SKK Migas Representative office for North Sumatera Area, Tirat Sambu Ichtijar.

Tirat added that this seismic survey has passed the long series of activities and involved various parties. “This seismic survey has been completed with strong supports from all stakeholders, and we highly appreciate it,” Tirat said.

This 2D Seismic survey was conducted in two areas: Anggun field with an area of 216 kilometers and Bagus field with an area of 228 kilometer. If the evaluation on these seismic activities produces a good result, both exploratory drilling activities are expected to commence in the beginning of 2015.

Seismic survey is one of activities in the exploration phase which constitutes a phase of exploring oil and gas reserves. This phase becomes very crucial because the success of exploration will determine the availability of oil and gas in the future (AWAM).

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