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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Post by nozzpackon Dec 02, 2020 10:24am

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Post# 32017389

This Quarter Will be a blowout Quarter

From info in the current presentation , it looks like the current quarter will average over1400 bpd net to POE
( https://www.panorient.ca/images/stories/file/Pan_Orient_Presentation_December_2020.pdf )

This is about 50 % higher than than the quarter which just reported and prices are a bit higher too.

Likely ,our dividend will be in excess of $3.5 m.

Further, drilling success should see a signjfciant boost in our reserves.

Taken together, these metrics present a strong case for POE either to sell or provide shareholders with a signiifcant cash dividend

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload