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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

Comment by InvestInYouon May 11, 2021 2:05pm
198 Views
Post# 33174840

RE:RE:RE:Operations Update

RE:RE:RE:Operations UpdateI'm in favor of whatever creates shareholder value and unlocking its current value seems like the obvious opportunity.  Disappointing not to see share price increase but the silver lining is they continue to buy back shares, and market fundamentals appear to be firming up, which may ultimately create meaningful value for shareholders.  Frustrating as this should be $1.50/share+ but I believe their scorecard is forthcoming.  A smarter person would use this as a buying opportunity.  

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