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 > Very Little Happening

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Post by bullhorn3on Aug 17, 2021 1:43pm

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Post# 33717682

Very Little Happening

Oil fairly steady, ownership of POE shares fairly unchanging, buybacks by management not happening. Presumably POE still accumulating cash, but no news. Monetization of assets, return to shareholders on hold? No news at all. Does anyone know anything? I feel like a sailing ship stuck in the middle of an ocean with no wind.

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