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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

Comment by kelsterman69on May 04, 2022 7:33am
147 Views
Post# 34654004

RE:RE:Andora Energy

RE:RE:Andora EnergyI agree Radcat. They need to realease what that means to Pan Orient. Where did Andora get the money to buy it? I remember awhile ago Pan Orient gave them money to keep operating?
  Hopefully it either gives them the ability now to sell it or maybe that was the last obstacle to being able to turn the steam back on.
  If they can't hedge a good enough price to turn a profit in this environment, then I have to wonder?
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