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).

TSXV:CEC - Post by User

CanAsia Energy Corp > Brent $103.39

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Comment by kelsterman69on Feb 24, 2022 10:57am

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Post# 34458017

RE:Brent $103.39

Good post Radcat. I agree and disagree with you.
I think we need to turn the steam on in Alberta, but I think they should sell the Thai asset and get out of those countries all together. If war starts, governments tend to screw foreign owners of vital assets.
Pan Orient failed to acquire any exploration or production opportunities in Thailand when we had the cash and prices were low. Now is too late. I personally don't trust these guys anymore.
I'm looking for the price bump from a Thai sale and the recognition of some value for Sawn Lake and then I'm outta here

cash out and shut her down.

I welcome all to agree or disagree with anything I've opined here, and look forward others thoughts and musings. Cheers

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