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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

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Post by smarter_of_moron_idiot_imbecileon Feb 28, 2015 11:56am
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Post# 23475646

First well on L53 should have spud mid-February, when do we

First well on L53 should have spud mid-February, when do we
expect to hear anything on it? I'm getting anxious! PR from 2/2/2015: The first of a three well drilling program on Concession L53 is anticipated to commence in approximately two weeks, with the first well targeting the high impact L53-A North Central prospect ("ANC-1"). ANC-1 will be targeting one of six structural closures defined on recently acquired 3D seismic data which are located approximately 4.5 kilometers south of the U-Thong oil field, operated by another oil company, which has produced over 4.5 million barrels of oil from equivalent sandstone reservoirs that are the primary objective of the ANC-1 well. Further guidance regarding the 2015 Thailand capital program will be provided upon the completion of drilling of the upcoming program and discussions with our new partner Sea Oil.
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