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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
Post by seanyboyon Jun 17, 2017 2:41am
376 Views
Post# 26373533

Talisman

Talisman
I just wanted to say how happy I am that Talisman (Repsol) is running the show. The presentation is more detailed than anything I've seen since buying in a few years ago. I'm aware that there are no guarantees, but as the presentation shows Talisman already has lots of production in the vicinity, they know the geology, and will have put a lot of that experience into giving this well the maximum chance of success. Good luck to all of us who have been very patient with POE.

For the record I'm ok with the potential downside if this well doesn't turn out as we're hoping. More than half the market cap is in cash, and I still like Sawn Lake as a nice long term call option on oil. Those two alone justify the current price in my mind. So let's see what happens. Hope to see some very happy shareholder postings this August.
Bullboard Posts