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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 radcaton May 19, 2021 3:17pm
316 Views
Post# 33231451

RE:RE:Share Buyback Continues

RE:RE:Share Buyback Continues...the shares outstanding has definitely changed over the years. They used to have 68 million shares outstanding when I purchased my first shares. We will now be sub 50 million within the next 12 months if management cancels a couple million more. The one concern I have is YenbamroongChatchai still has all of his shares which one was over 6% of outstanding shares. The more management buys back and the fewer shares outstanding we have his ownership increases without buying any additional shares. I guess we know who will ineviditably end up with POE. There won't be a takeover offer since we are handing POE to Mr. Chatchai on a platter. All he has to do is sit tight.   
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