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 > Updated Investor Presentation

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Comment by 101OilManon Feb 15, 2022 12:39am

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Post# 34428774

RE:RE:RE:RE:Updated Investor Presentation

IMO Based on the latest oil price conditions, Thai asset disipation may not be the best option. Sawan lake was previously written off due to low WCS. Now WCS is around 81 $/bbl which is greater than 65 $/bbl (break even point). Therefore, this is obviously the better option for sale.

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