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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

Post by bullhorn3on Jun 08, 2022 11:08am
191 Views
Post# 34740234

Sawn Lake Restart Cost

Sawn Lake Restart CostIn order to estimate the value of POE before dissolution, we need to estimate the probability of a restart of Sawn Lake operations and its profitability (payback period). Andorra has been "maintaining" the facility, whatever that means. With the increase in heavy crude prices, perhaps another company has restarted operations, so for lack of a better approach, we can estimate that their restart cost = POE's restart cost It could be that a different, environmentally better method of creating steam might be required now, in spite of previous approvals. Or that patents that Andorra owns might be valuable.
Does anyone have information?
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