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 > Sawn Lake

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Comment by bullhorn3on Jun 30, 2021 8:58pm

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Post# 33477997

RE:Sawn Lake

That's a good question. According to
https://www.baystreet.ca/commodities/4767/Can-Oil-Sands-Be-Banned
"steam-assisted in situ projects have by now a $45-50 per barrel breakeven cost"
Plus transportation, startup,....
Banks might not finance such a project, but POE has a stockpile of cash, unless of course they distribute it to shareholders. Eventually, the federal government might ban such projects, so POE would need to consider the lifetime and payback periods.

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