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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 101OilManon Dec 12, 2019 10:15am
274 Views
Post# 30447421

What is POE fair value without East JB?

What is POE fair value without East JB?I don't think the 1.11 cad/sh is a fair value of POE without East JB. 2P of L53 has a value of 39.5 mln cad for 1.37 mmbbl. 2P at 2019 YE should be increased because POS made 2+2ST successful exp/app campaign in November. No one know how much it would be but we know that any new 2P barrel added has the value of 28.8 cad/bbl based on the previous NR. The production is now ca. 1300-1400 bopd net to POE. Previously, net cash flow from L53 was used to fund the Anggun well which is no longer the case. The cash+working cap in POS was 34.4 mln cad at Q3/2019. No debt. What do you think?
Bullboard Posts