Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Aug 10, 2022 3:58pm
174 Views
Post# 34886148

RE:RE:RE:Q-2 & Operating Results

RE:RE:RE:Q-2 & Operating Results... and that works out to be $2.133 million per month for Q-1 & 2. Add another 1.5 million more or less for July and Aug assuming this crummy deal closes before the end of Aug. Dialog get our profits retroactively and we have to wait 8 months for it to close. Makes me wonder if this was the plan alll along. Wish I knew Dialog would get all the retroactive profits. Not a detail that was made loud and clear if at all. With potentially over 3 million barrels net to POE, I would prefer to keep L-53 and use the revenue to bring of Sawn Lake and possibly a new block in the next licensing round which isn't a given.As the saying goes, "a bird in hand is worth two in the bush". Since a new block isn't a certainty, keep the bird in hand. Go away Dialog!   
<< Previous
Bullboard Posts
Next >>