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 > No one lining up to buy above $1.05

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Comment by bullhorn3on Feb 09, 2022 9:43pm

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Post# 34415086

RE:RE:RE:RE:RE:No one lining up to buy above $1.05

nozzpack, I assume that if the SP today is $1.30 then it will be worth $0.90 on Friday. Although, there may be others like you who are trying to drive down the price because you want to pick up POE for a pittance. When the potential buyers' prices or actual sale of assets occurs (Feb? Mar?...), we will see whether the value is $0.60 or $0.90 or above... or whether the sale is cancelled. If anyone buys the Thai assets, it will probably be Thai people, especially the Thais who already own a substantial number of shares.

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload