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 > Insiders / May 14, 2022

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Comment by crocks31on May 25, 2022 7:03pm

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Post# 34707716

RE:RE:RE:RE:RE:Insiders / May 14, 2022

i emailed them and asked this exact question. here is the response:

The SEDI filings indicated below are for the vesting and settlement for cash of Restricted Share Units granted under the Long-Term Incentive Plan of Pan Orient.

Restricted Share Units are not shares in Pan Orient and are settled in cash as per the Plan.

The SEDI filings for this settlement these RSUs is what is shown below. The SEDI filings are for Rights Restricted Share Units (Rights Cash-Settled) with an vesting and settlement date of May 14, 2022.

The SEDI filings are not for Pan Orient shares. There was no sale of Pan Orient shares.

I hope this helps.

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