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 radcaton Feb 02, 2022 5:16pm

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Post# 34390925

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

Not included in the Reserves Report is 12 workovers and 3 new wells at the DD field. That has to be worth something. P3 reserves is values at $1.32. Again estimated at a lower oil price in 2021 than today.

Preliminary plans for 2022, subject to partner approval, include 12 workovers, with ten of these in the Kamphaeng Sean fields (L53-A, B, D and G) and the remaining two in the DD field. The Company also anticipates the drilling of up to three wells, all located in the DD field. Workover operations are anticipated to commence shortly after the arrival of new perforation charges in late January 2022 and drilling to commence upon the availability of a drilling rig in late March to April 2022.

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