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

Bullboard Posts

Post by Nergyon Nov 07, 2017 4:01pm

367 Views

Post# 26920788

Safer than US government bonds

The share price seems to be unreasonably cheap in the current environment. From my point of view is an investment in POE at current share price (1.0 CAD) like a bond investment with maturity within a year. Sawn Lake is the bond here, pretty sure Sawn Lake will be worth more than 1 CAD/share by next summer. As a bonus I get 50% of L53 for free (the other part was valued to 0.8 CAD/share three years ago with the same brent oil price as of today) I also get the opportunity to participate in a speculation during the Angun drilling taking place hopefully next autumn. Personally I will continue to buy shares during tax loss selling in the coming month. GLTA

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