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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 Oct 17, 2017 1:06pm
402 Views
Post# 26821710

Done for now

Done for now
How long has it been? 3 years? I finally gave out on my POE position today for a modest loss. Might come back for the drilling of Anggun next year but then again may not. I consider myself a patient investor, and POE still has some things going for it, if not in Asia at least the cash position and Sawn lake. But wow, this has been a slow moving, disappointing story. Maybe they will end up hitting something big, we'll see. Meanwhile I'm off hunting elephants in precious metals. Best wishes to all, I'll continue to follow and see if fortunes are indeed made here.
Bullboard Posts