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 > Bill Newman / Research Capital

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Comment by nozzpackon Jun 15, 2022 6:06pm

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Post# 34759693

RE:Bill Newman / Research Capital

Thank you for that Research Report and its insights on the incipient value of Sawn Lake.
As previously posted, I view Sawn Lake as a substantive advanced asset whose realized value will be multiples greater than the incipient value allocated to it by RC.

SAGD is now a proven method of extracting oil from bitumen whose efficiency gains now rank these oil sands as a strategic asset with the longest producing life of any oil field in the world.

A rights offering to shareholders to boost seed capital would now seem to be the next move.
Of course, a carried JV would also be a desirable development option.

Anyone have any insight as to the SE Asian project ..

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