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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 Aug 11, 2022 4:14pm
209 Views
Post# 34889558

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

RE:RE:RE:RE:RE:Q-2 & Operating ResultsI agree chaos are never good for a company which is why I am wondering why management created chaos in the first place. If Jeff was straight forward and honest with us shareholders, would we still be in favour of selling L-53 to Dialog. Giving up 30 cents U.S. more or less of $0.79 isn't a seventy nine sents sale. It is a $0.49 cents U.S. sale! And that is if, and I say IF the sale closes before the end of August. Under the Jeff deal Dialog will get profits for July and August as well. The longer management drags this out the more we lose or our L-53 "buyout". There must be a reason why this very important information was kept for shareholders. Is this deal to sell really in our best interest or in managements? You tell me. Seems to me we are being swindled!  
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