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 Jan 06, 2017 1:08pm

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Post# 25676129

RE:RE:RE:Ramba / Lemang Block First Oil

"Relax. Information will come. Besides, why would the Gov of Indo not grant an extension to the PSC? Everything just takes time in a bureaucratic land as Indo. I expect an extension and a little bit later a partner. K."

I can answer your question in one word:

Co-co-ne or KKN (Korrupsi, Kollusi, Nepotisme) if you prefer. Which I guess is actually three words. Collusion, Coruption, Nepotism.

Transparency International rates Indonesia with a corruption score of 38. (in line with Tunesia 38 and Columbia 37) This compares to Canada at 83 or Finland at 90.

Let's not forget who we are dealing with.