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

<< Previous

Bullboard Posts

Next >>

Post by nozzpackon Aug 28, 2022 8:06am

328 Views

Post# 34925104

Indonesia Decommissioning Costs

Total undiscounted cash flows, escalated at 1.78% for inflation (December 31, 2021 – 1.82%), required to settle the Company’s decommissioning provision are estimated to be $3.4 million at June 30, 2022 (December 31, 2021 – $2.7 million )

That's quite a rate of inflationary costs.
Payment time can be extended..

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale