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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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).


TSXV:CEC - Post by User

Post by radcaton Feb 24, 2022 10:07am
227 Views
Post# 34457730

Brent $103.39

Brent $103.39Doesn't seem to have an effect on our shareprice. Where are the "several interested buyers" for L-53? Resource update is now known and we have yet to hear of anything concrete. Thought the sale of our assets would close by Mid-2022, not be announced by then. At $103 Brent and possibly higher prices to come, management should announce the sales of L-53 and Sawn Lake are now off the table. Nobody ever thought we would see $100.00+ oil. 
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