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 > Chen Lin / The Energy Report

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Post by radcaton Jan 29, 2022 7:42am

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Post# 34374108

Chen Lin / The Energy Report

Chen Lin, What Is Chen Buying? What Is Chen Selling? (1/24/22) "Pan Orient Energy Corp. traded as low as $1.25. . .management is guarding this like a baby while trying their best to find a good price. After the $0.40 distribution in two weeks, $0.85 we are trading at less than one time cash flow at the current oil price; I see the fair value of the Thai assets, even with 30% discount, to be much higher than the $0.85."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (1/20/22) "Pan Orient Energy Corp. will pay CA$0.40 return of capital on Feb. 10, 2022. I can't wait for it, and I believe this is the first down payment only, with more to come later this year."