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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
Post by Bulldog8mystockon Jul 04, 2019 8:01pm
357 Views
Post# 29888145

AGM

AGMVery positive mtg. Thailand has a 3p reserves of 4.5 million barrels, With the drilling of new wells this will also increase. Indonesia, new road was constructed because Repsol is confident in this project. If successful this could be 120-400 million barrels.  If successful in Indonesia, it will take 3 years to tie in production. Jeff wouldn’t say what course of action would be taken with the success but infererred that some properties could be sold to finance larger projects. Every million barrels represents 50cents per share. East Jabung has potential of being the largest discovery in Indonesia.
The transition of Tailsman takeover by Repsol caused this project to be delayed by at least a year but now are back on track. 
IMO, this could easily be a 50 bagger.  
Bullboard Posts