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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 Cardboard1on Aug 26, 2019 6:38pm
258 Views
Post# 30067732

Repsol must really believe in that prospect

Repsol must really believe in that prospectI mean, 3rd hole with first 2 non-conclusive. That is what a $50 million gamble?

Then how much they paid for that 50% stake in the first place? You would think that VP of exploration would have pulled the plug by now if a low odd discovery in a $50 oil environment.

How much could be worth per share the Thai operation alone now with recent results and more potential?

Cash used to be around $1/share but, some is going away with 3rd well in Indonesia.

Anyway trying to figure out how much per share is priced in for Indonesia?

Cardboard
Bullboard Posts