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 > Reserves valued at $25 million

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Post by nozzpackon Apr 06, 2022 10:50am

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Post# 34580433

Reserves valued at $25 million

Same as mine.....

"The analyst noted that Pan Orient Energy owns a 50.01% interest in the Thailand L53/48 Concession, which according to a reserves report prepared by Sproule International Ltd., has estimated net proven (1P) reserves of 1.4 million barrels of oil.

Production attributed to Pan Orient's 50.01% interest in the Thailand assets is approximately 1,595 boe/d.

The report estimated the total value of the resource to be CA$25 million, or CA$0.50/share "

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