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

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Post by Nergyon Jan 28, 2022 10:53am

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Post# 34371185

Someone

knows they will have a return above 1.32/share in a not to distant future. The question is will it be 1.50 or 2.50. My guess is in range 2- 2.50. 50-100 MCAD for the Thai operations and 10-50 MCAD for Tier 1 Sawn Lake. Personally I would prefer holding, Sawn Lake for another two years and start up an expanded pilot plant meanwhile.

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