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 > Operations Update

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Comment by radcaton May 11, 2021 10:36am

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Post# 33173179

RE:RE:Operations Update

Me too. Looks like a case of buy on bad news, sell on good. Today the news was good. Investors do not seem to care about our little oil field. As I have said before, we need to pickup new assets that will increase our production and hopefully, our investment likeability as well. L-53 and a dormant Sawn Lake just doesn't do it. If management decides to pay shareholders another divi we might as well fold the company. A shareholder payout would be a white flag indicating management doesn't intend to grow the company and POE is all that it will ever be.

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