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 Mongoose11on Aug 21, 2014 3:25pm

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Post# 22866467

RE:RE:RE:I particularly like this part of the report

The company seems to have sucessfully morphed into a more cautious modus operandi. After the failures of the last couple of years they seem to be moving forward more carefully and as stated previously, reduced the cash burn rate (for now at least). The quarterly report has no notably negative news for once except I'm surprised that the daily oil production rate is not closer to 1,000 BOPD. I hope for upside in Indonesia (finally?) and modest additions to reserves in Thailand. The Sawn Lake venture could go either way IMHO.

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