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 > Cash cache before sale

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Comment by nozzpackon Jun 23, 2022 9:00pm

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Post# 34779049

RE:RE:RE:Cash cache before sale

This deal was originated in late fall 2021 when oil prices were below $ 60.
Oil rose in a spike in late March and is now retreating somewhat.

Then, there is the substantial excess profits when oil is above $100.

These deals are made with respect to the longer term futures for oil.

So, very little chance of the deal collapsing in the absence of Force Majuerre event..

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