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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 kelsterman69on Dec 01, 2015 7:13am
194 Views
Post# 24341673

one correction

one correctionin my last post I meant to say-"as long as our share value stays below the amount of cash we have in the bank we are a steal" Anyway, Im a little divided about the dividend because in this current market im sure there are going to be some good opportunities from financially distressed companies in the next 6 to 24 months if these low prices persist id rather the company have some bullets to fire if the right deal came along. I by no means am against it since pretty much every other resource stock I own has done nothing other than give me a big boot to the gonads.
Bullboard Posts