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).

TSXV:CEC - Post by User

CanAsia Energy Corp

Bullboard Posts

Post by Public_Heelon Jun 27, 2018 11:15am

251 Views

Post# 28236695

Starting to look at POE again

NOT because of Indo, which I consider to be nothing more than a money pit, but because of Sawn Lake. I can see WTI going over $80 this year and - given the lack of upstream investment - over $90 next year. Will that make Sawn Lake worth something? Given the extreme leverage, even $2/bbl would be a stock multiplier for POE.

Bullboard Posts

Advancing flagship Ishkõday Gold Project in Ontario