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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Comment by practicalguyon Dec 04, 2018 10:46am

354 Views

Post# 29060696

RE:RE:RE:DD2 658 BOPD

The first two wells have tested at 97 and 167 bopd/m of reservoir respectively. They will likely settle to something lower as a first year rate, let’s say 60 bopd/m. With 46 m of pay currently untested, that leaves about 2760 bopd upside. One of the upper 3 zones will be tested in the Q1 appraisal well.

Overall, this drilling looks very promising.

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