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

Comment by Fernando2010on Apr 30, 2015 3:03pm

207 Views

Post# 23681955

RE:RE:RE:Indonesia - Expropriate Resources? Draft Oil and Gas Law

I found the video of an industry round table that took place in Yakarta (Indonesia) on January 12, 2015. Very interesting analysis by Salamander Energy´s CEO from minute 19.30

Video here:

https://www.youtube.com/watch?v=Kboh8vQR8hs

He underlined that the 2 most important issues influencing the upstream oil and gas industry in Indonesia are:

- the requirement to extend the period of Production Sharing Contracts currently in place and that are going to end in the next few years

- the necessity to reduce Government share in the distribution of Profit Oil in Production Sharing contracts.

Not any mention to the risk of the entire industry being subect to nationalization.

Just my oppinion

Fernando

Bullboard Posts

Investors eye Australian gold mining projects amid promising developments