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 Sep 22, 2017 1:00pm

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Post# 26731541

RE:RE:RE:RE:RE:Action

Kinza,

One small correction on your comments. BRF was actually 5.5 meters not feet. So, your estimates will be off by a factor of 3.28ish. Not that 5.5 Meters is any screaming hell, but better than 5.5 feet.

Am thinking the Gumai may prove to be a big deal. From the map it appears to be showing hydrocarbons at th P1 level which has an estimated area of closure of 259 KM2. This could be massive, but unfortunately will likely take a few more wells to prove out one way or the other.

Heres hoping on the LTAF.

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