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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 Jan 17, 2022 7:29am
180 Views
Post# 34323504

RE:RE:Concerns

RE:RE:ConcernsWhat I am saying is when the October 28th NR came out I thought we would know before voting who are the interested buyers and what price they are offering for Sawn and L-53. Since we don't know this we are flying blind with regards to the sale of our assets. Once we vote in favour of we have to live with managements decision to sell regardless of who the purchasers are and at what price. I'm sure I am not the only investor who thought we would know all the pertinent information before we cast our vote. The only thing we know for sure is the $0.40 distribution, nothing else. If management doesn't announce what offers they have offers on the table, postpone the vote for L-53 and Sawn Lake. Otherwise we live with the consequences of managements decision for better or worse.  
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