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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 radcaton May 25, 2022 10:42am
138 Views
Post# 34706279

RE:RE:Insiders / May 14, 2022

RE:RE:Insiders / May 14, 2022Just wondering why a managment team would sell pretty much all of their shares if we are expecting a "good deal" to be forthcoming. We were told they have multiple interest and they wanted to see a reserves update. That was sometime ago and still nothing. If Jeff had a reasonalbe offer I would think he'd let us know. Since an NR hasn't been issued yet it leaves us to speculate. Rather than playing a guessing game I continue to hold and will make my decision to keep my shares or sell beased on fact. I assume whatever shares we have we will retain the same number of shares in whatever new business opportunity POE decides to do while refunding much of the cash from asset sale or sales. Never thought it would take this long. Especially with high oil prices. 
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