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).

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CanAsia Energy Corp

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Comment by Public_Heelon Jan 05, 2016 10:00am

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Post# 24430011

RE:RE:RE:RE:RE:RE:RE:RE:What am I missing

"""What did you expect 60,70,80 % or what ??"""

There's a huge difference between drilling a 20% CoS well when oil is $100+ and drilling when oil is in the $30's. An 80% chance of failure in a time of slashed capex budgets just doesn't look that appealing. That said, I certainly hope Repsol goes ahead with it...

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