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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 Bulldog8mystockon Dec 09, 2019 9:18pm
359 Views
Post# 30438031

RE:Value $2.50?

RE:Value $2.50?We’ll need to wait resources statement which will be out in February 2020. Every million barrels in resources is equal to .50c in share price. The last 2p reserves were about 4 million barrels. Once x-Jabung is close, it will free up $2 million a month in cash flow. Stock as of now should be 2.5-2.7, it’s a normal reaction for many to panic and sell, making a buying opportunity for someone else. Hopefully Thai resources increase and we’ll see SP at $4
Bullboard Posts