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

Bullboard Posts

Comment by radcaton Feb 16, 2020 10:14am

235 Views

Post# 30697007

RE:RE:New Presentation Feb 14, 2020

Selling Thai crude at -23% to Brent is a shock to me as well. Previous POE N/R's have stated they are getting 92% of Brent pricing. Why the discrepency? The company did annonce some time ago exploration licence will expire in 2021. This will affect unexplored and unsuccesful areas of the Block. Producing assets will remian in POE's hands. West A-7 is 4.2 kms sq. this is the one I have been hoping they would drill for some time now.

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