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 > Andora Energy

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Comment by bullhorn3on May 04, 2022 8:20pm

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Post# 34657168

RE:RE:RE:RE:RE:Andora Energy

As I read the text, Andorra received $0.5M rather than paying $0.5M, in order to transfer away the seller's obligations for abandonment, clean-up, up-keep, etc. Of course, we, on this board hope that the site will be restarted. Sawn Lake has patents, too, I believe. Maybe they are worth something, as well as the site itself..

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