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 > Sawn Lake News Release

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Comment by kelsterman69on Jun 15, 2022 6:55am

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Post# 34757260

RE:RE:RE:RE:Sawn Lake News Release

Sweet! Why didn't you just say that the first time!? You were writing Radcat a love letter. Got it. Sorry

I certainly don't think the cash, SAGD facility, patent(s) and 200 million barrels is worth .13 cents.
And I honestly think they should turn the steam on to either start making some money on it or to showcase the asset to a potential buyer.

Blowing money on so called "maintaining" sawn lake has got to stop.
What do you think it's worth?

Cheers!

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