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 MarkAbleon Oct 31, 2019 2:32pm

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Post# 30293345

RE:RE:Whining about Delays

I don't think Practical Guy is preaching to us about anything. All I read in his post is a clear and patient explanation of the realities on the ground. Angun will be drilled soon enough by Repsol and the wait will be over. In the meantime I would like to see less of this constant sniping about unavoidable delays especially since in the meantime Thailand is contining to make discovery after discovery making us shareholders wealthier and derisking Angun to the point where pretty soon there will be no risk, if we're not already there.

One thing I am pondering though (and perhaps Practical Guy can give us his thoughts here) is what is the likelihood that Repsol would try to buy out POE's share of the prize should Angun be the success we are hoping it is?

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