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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
Comment by kinza1on Nov 29, 2018 9:52am
239 Views
Post# 29038830

RE:What i don't understand

RE:What i don't understandWell, I'm happy to see I got a very quick response from Jeff about my questions. I'll share them below.

These well(s) are a very nice surprise!

1) the other zones are obviously oil bearing and we achieved the information regarding their productivity from the test of this zone.
2) each recompletion is $120usd
3) once we produce from above an existing zone, that upper zone needs to be cement squeezed to shut if off at another $100usd each time, in order to go back to the deeper zone. Worse, when that zone is reperfed later, it never produces anywhere near what it did initially due to formation damage from the squeeze
 
more of your questions will be answered in the DD2 test results next week 
Bullboard Posts