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 1:15pm

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Post# 34389743

RE:RE:RE:RE:RE:RE:Reserves Report Dissapointing

I am not talking about cash flow.
I am talking about Free Cash Flow which is what is left over when all expenses are paid including taxes.
This free cash flow goes directly as additional cash to the cash position.

You can check my calculations by examining Q3 financials on Sedar.

I apologize in advance if I am wrong .
I am not the buyer so I go by fair value analyses of the Investment which is shown on the balance sheet which will decline by about $2 - 3 million after Q4 reports.

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