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).

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CanAsia Energy Corp

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Post by nozzpackon Jun 08, 2022 5:05pm

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Post# 34741733

Canada’s Bitumin hits record high volumes

Oil hit $160 CAD today which makes bitumen production a cash cow.
Today, Canadian bitumin productiin reached record high.

Permitting of 3200 bpd remains active.

With these prices, farming out the tertiary development protocols would be highly probable.

Sawn Lake is a substantial asset, critical only to oil prices remaining above $60 cad.

With the exception of a catastrophic world event, we shall never see $60 oil again..

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