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 Aug 17, 2017 11:04am

199 Views

Post# 26591755

RE:Q-2 & Operating Results

Thanks for the heads up. Not a lot new in the update. Helps to define the downside cash scenario of about 80 cents by my simple math. Any reasoned guesses from anyone (except for Lin Yee Tang) on upside if this hits? You must show your math for full marks.

By my read of the time line, we should be on day 20 and just about completed the setting of the 9 3/8th inch casing. Hoping the slide in price has nothing to do with well activity. Should be moving to final push to TD shortly. Fingers still crossed.

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