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 / Energy Report

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Comment by bullhorn3on Feb 05, 2022 9:18am

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Post# 34400725

RE:RE:Chen / Energy Report

Radcat, I agree. Using US$93 instead of US$75 gives a 24% increase in Chen's NPV numbers (i.e $1.35 and $1.54). How long will Brent stay high? Maybe long enough to pump a lot of value from the Thai asset if they drill more wells quickly. When the pandemic ends, there will be a rush to electrify the world, but the copper, lithium,... aren't available in quantities needed and OPEC can't pump fast enough.

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