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 Sudirman2on Nov 08, 2016 1:17pm

330 Views

Post# 25437464

RE:Chen Lin

Seanyboy,

While I am not a stock analyst, I play one on tv. I have one issue with your analysis, that is actually in favour of the shareholders.
You have used a 50% share of the reserves and multiplied by 35% after GOI interest. I am ok with all that, but then you use 73 MMbbls as your starting point for best case. I believe this is POE's interest rather than the 100% Gross figure. As a result I think you are taking a double haircut on the 50%. End result should be a doubling of your valuation.

That is all I have as I ran out of room on the back of my napkin.

Looking for others to chime in. Who knows we may get to Chen's number by the end of the day.

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