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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 venture009on Aug 10, 2023 11:19am
203 Views
Post# 35581785

RE:Q-2

RE:Q-2Radcat, over the years Pan Orient charged a considerable amount of G&A against Andora and now they won't invest in the Sawn Lake area, even though they list it a on their website as a key asset. Currently, someone could pick this property up for about $6 million by buying the market value. Even, though they have had iffy results in Asia their CEO is determined to find the elephant at the shareholders expense. 
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