Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 seanyboyon Jan 21, 2017 4:54am
426 Views
Post# 25736752

RE:RE:RE:What is Chen Smoking? (redux)

RE:RE:RE:What is Chen Smoking? (redux)
Haha, priceless, Surdiman2.

Was thinking about the future of POE. Management is talking big...

 At the East Jabung PSC in Indonesia the operator has completed a great deal of technical work that confirms the confidence that I and the Pan Orient Board of Directors have always had in the great potential of this asset. The drilling of the first East Jabung exploration well late in the first quarter of 2017 will be the focal point of one of the most exciting periods that the Company has had since its inception.

And then the probability of commerical success is in the 10-20% range. We all hope they hit big and if so we'll be inclined to forgive or at least it will be easier to forget management's consisitent failures up to now.

But supposing that East Jabung fails, what's left? Cash and Sawn Lake, with the remaining half of Thailand covering corporate expenses at best. Personally, and like a lot of shareholders I think, I'm done with the idea that Jeff is leading this company anywhere. So this is what I'd like to see happen: return all cash to shareholders, minus what's required to keep Sawn Lake on care and maintenence for say 10 years. Sawn lake can be a long term option on WTI returning north of 80. POE renames to reflect that it is an oil sands holding company. Jeff can get a real job at a real company and in the meantime retain some small PT role at a much reduced salary to handle the formalities assuming it will eventually be sold.

Assuming that they did something like what I'm suggesting, we can enjoy a free roll of the dice in the coming months. 

GLTA.

Bullboard Posts