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 > 10 Well Workover Results

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Comment by Sudirman2on Apr 13, 2022 12:05pm

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Post# 34600654

RE:10 Well Workover Results

2$/share. That is certainly an upgrade of your prior forecasts. Is this recent adjustment mostly coming from price uptick in oil prices? Not sure your 48$ oil sands cost is the right comparative. Sawn lake is a remoteSAGD facility with no pipe connectivity, so actual netbacks will be signifiacantly different than a typical Ft Mac oil sands bbl.

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