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).

TSXV:CEC - Post by User

CanAsia Energy Corp

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Comment by radcaton Feb 23, 2020 8:28am

263 Views

Post# 30722413

RE:RE:RE:RE:Another dividend would be nice

Or, since we can't buy back our own shares due to a blackout period, somebody decides to launch a take-over offer using the cash we have at our disposal. We are now at a $45 million market cap. Not sure how much cash we have on hand but if it is around $30 million, someone wanting to buy POE wouldn't have to raise much more. The obvious one to watch is Mr. Chatchai who already owns more than 6,000,000 shares or over 10% outstanding. He is IMO the one to watch. We retail shareholders are now sitting ducks.

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