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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 > Sawn Lake News Release
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Comment by radcaton Jun 15, 2022 4:00pm
192 Views
Post# 34759298

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

RE:RE:RE:RE:RE:Sawn Lake News ReleaseI disagree. Since Canasia will have $7million along with Sawn Lake that amounts to $0.1406 cents cask per share. There hasn't been a value placed on our 200 million barrels yet.
I agree the 620 bopd should have been brought back online. The question is what is the reason why they haven't. A possible sale, partnership, or deciding to develop it ourselves. I guess we will find out withing the next two months. I will stay the course and wait it our for the distribution and new Canasia shares.      
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