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 > News..CEC substantially increases Andora Ownership

<< Previous

Bullboard Posts

Next >>

Comment by Sudirman2on Nov 21, 2022 12:08pm

233 Views

Post# 35115640

RE:RE:News..CEC substantially increases Andora Ownership

WTI at about 77$. WCS Diffs at -22.50 through 2023. Condy blend cost about 12$/bbl. Transport from the middle of nowhere to EDM or HAR about 8$/bbl, terminalling, marketing etc and this doesnt look paticularly attractive. Op costs likely in the 30$ /bbl range.

This asset not looking great in the short-med term.

<< Previous

Bullboard Posts

Next >>

Osisko Development receives permits for Cariboo Gold Project