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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 junior-oilon Nov 29, 2014 2:34pm
290 Views
Post# 23177313

Batu Gajah, Swan Lake and Q3

Batu Gajah, Swan Lake and Q3So November has come and gone with no news on Batu Gajah (which POE had said they hoped to finalize beore the end of November). More interesting though is that their Q3 report is due out today at the latest. Are they delaying the filing to try to finalize the Batu Gajah farm-out so they can announce everything together (including initial Swan Lake results which are due...).

Should be an interesting week coming up here for POE. With energy stocks imploding, I feel pretty good to hold a company with almost its entire share price supported by its cash stockpile...
Bullboard Posts