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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
Comment by Public_Heelon Sep 07, 2015 4:59pm
141 Views
Post# 24083886

RE:RE:Ramba Energy to farm out Lemang PSC in Indonesia

RE:RE:Ramba Energy to farm out Lemang PSC in Indonesia
I can't recall seeing that kind of thing happen - although it undoubtedly has happened. I would think, though, that we'd see something like POE's share of Akatara being cut-out from Batu Gajah and merged with Lemang, with all involved holding just one percentage each for the newly
enlarged Lemang Block. That would get around the inevitable complications and disputes that
will arise with having to unitize the Akatara structure.

Of course, that would require POE's junior partner in Batu Gajah to join in....
Bullboard Posts