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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Post by kinza1on Nov 29, 2018 9:14am

189 Views

Post# 29038516

L53-DD1 Oil Discovery 779BOPD

779BOPD from only 1 of the 3 oil bearing sands is what I hoped for.

L53-DD2 results from another oil bearing sand expected early next week

POE's current oil production is about 210 BOPD with a 51% interest in the Thai Concession L53.

If we get 1.500bopd from the 2 wells, that makes 750bopd for POE..with a normall decline to maybe 300bopd for POE.

So probably POE just more than DOUBLED its production..which is very nice!
K.

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