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 > The Cost of Oil Production from 2014 FP (Rystad Energy)

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Comment by nozzpackon Aug 24, 2022 11:30am

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Post# 34917092

RE:The Cost of Oil Production from 2014 FP (Rystad Energy)

Yes, thats why many are selling today, as the only cash being received is about $1.00 depending on CAD conversion. Ar $1.20, to break even, the CanAsia will need to trade abouve $0.10 which seems unlikely. Sell today and buy the CanAsaia Stub for perhaps 5 cents..

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