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

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Post by radcaton Mar 12, 2022 8:25am

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Post# 34508740

Chen / Energy Report

Chen Lin, What Is Chen Buying? What Is Chen Selling? (3/3/22) "Pan Orient Energy Corp.'s accountant is busy calculating if the company needs to stop some wells in order to avoid paying windfall tax in Thailand at $115 oil. If you use last year's production number, about 1.02 MMbbl on a 100% basis, or assume 0.9 MMbbl in production this year, with only a few dollar shipping costs, POE is trading at less than 1x cash flow."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/24/22) "For energy stocks, I really like Pan Orient Energy Corp. here; [the company] has no debt, huge free cash flow, and it is trading at about 1x cash flow. The only drawback is that if oil is over $100, Pan Orient may need to cut back production to avoid paying a windfall tax in Thailand, but the oil not produced stays in the ground for next year."

Chen Lin, What Is Chen Buying? What Is Chen Selling? (2/22/22) "Pan Orient Energy Corp. is probably the best play for high oil prices; the company is printing money and just paid $0.40 back. It will likely sell the assets this year; if not, another big dividend will come for sure."