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).

TSXV:CEC - Post by User

CanAsia Energy Corp > Voting For or Against

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Comment by nozzpackon Aug 16, 2022 5:00pm

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Post# 34900564

RE:RE:RE:Voting For or Against

Thank you for your logical rationale .
It fits quite well if you have a cost base below the acquired value of the Thailand .

However, if you bought above $1 ....after the deal was made and before the explicit regression of the actual acquisition Price....then you could lose money or certainly won't make much, if oil prices once again render Sawn Lake uneconomic .

What you will see in such cases is massive dumping of the CanAsia stub once it opens for trading.

Secondarily, the Stub will have to undertake massive dilution to acquire other SE Asia assets..

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