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CanAsia Energy Corp V.CEC

Alternate Symbol(s):  CECAF

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

Comment by radcaton Jun 25, 2022 10:33am
201 Views
Post# 34782249

RE:RE:RE:RE:Cash cache before sale

RE:RE:RE:RE:Cash cache before saleI can't recall ever seeing a buyout where only the acquiree is on the hook for defaulting on a deal. Without the acquireor being held to the same standard, there doesn't appear to be a penalty Dialog would have to pay should if they decided to take a walk. Not sure how POE could sue since this deal hasn't any consequence for the buyer in writing. I guess Jeff could always send his goons to Malaysia should Dialog decide not to honour the agreement. No acquireor default fee? Just pointing out the obvious.       
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