Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 16, 2015 10:02am
298 Views
Post# 24108248

RE:RE:RE:RE:RE:Message from the CFO

RE:RE:RE:RE:RE:Message from the CFO
""If we are entitled to a 15-20% piece of Lemang should we prove Batu Gajah is connected""

 We would not be entitled to any share of Lemang. In unitization, Akatara would be carved out of both Lemang and Batu Gatah, and we would get a percentage of that carve-out. We would keep
all of our share of the rest of Batu Gajah, and we would not get any of the rest of Lemang
(a very large block, of which Akatara is just one tiny corner).

 As for getting 15-20% of Akatara.... we can only hope for that much. For one thing, our first well
 will only find gas and maybe some condensate, because it's so high on the structure. The gas
 would be stranded (for the time being), and so very hard to evaluate. We won't even be able to
 make our case for a share of Akatara until our two down-dip appraisal wells are drilled
Bullboard Posts