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 > Reserves Report Dissapointing

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Comment by nozzpackon Feb 02, 2022 9:15am

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Post# 34388523

RE:RE:Reserves Report Dissapointing

This is the fair value quoted on the balance sheet.
Why would any buyer pay more ?
Q4 will see a further decline in Fair Value.

The share price was trading in the $1 range before the dividend was announced.
Thats its fair value according the balance sheet book.

The dividend did not add any value, just positive investor sentiment.

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