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 bullhorn3on Jul 17, 2017 11:07pm

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Post# 26479523

RE:RE:drill results ???

Practicalguy,
Page 15 of the annual meeting presentation says

"The structural complex being targeted by the AYU -1X well was estimated by Gaffney Cline in 2015 to hold an unrisked Pmean potential of 122.9MMboe (recoverable) net to POE’s interest within the Batu Raja, Gumai and ABF formations."
Could you explain why you believe that Gaffney Cline's analysis is wrong, or why it is correct but will still lead to an unsuccessful well, please. Are you qualified to dispute the experts? It seems to me that the structurally hightest point should be best for hydrocarbon capture.

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