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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 kelsterman69on Dec 25, 2016 9:50am
308 Views
Post# 25643116

RE:RE:Company update?

RE:RE:Company update?I sent an email to management asking 2 questions a couple of weeks ago... First one was,"At what oil price would you start steam injection again at Sawn Lake?" and " If you didn't have the time to prove joint discovery status before our lease expired, why did you drill the first well to begin with at Batu Gajah without getting the extension ahead of time? I have not received a reply nor did I think I had much chance of getting one. the second question was more to let them know that people are going to need a better explanation of what happened there. There is more to the story than they are telling us and I wouldn't be surprised if some good old Indonesian corruption is at play. the only reasons POE may not be making a big stink about it is because they 1. they screwed this up themselves or 2, they don't want to piss anyone off in the Indo government who could make life difficult over at the our main potential prize--East Jabung PCS Regardless, a better explanation needs to given because the one they are giving us now reeks like poop
Bullboard Posts