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CanAsia Energy Corp CECAF


Primary Symbol: V.CEC

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

Post by venture009on Oct 02, 2024 2:39pm
110 Views
Post# 36250420

Share Price

Share PriceFor months now there appears to be an effort to keep the price at current levels. A look at the level 2 indicates there is always a large inventory of shares to buy slightly above the ask, preventing any s/p appreciation. With a Sawn Lake property valued at $180 million and o/s shares of 110 million suggests this should be at a much higher share price. So why isn't management doing something to get this price up. At a glance it would seem there is an effort to accumulate shares but only at these low rates. Everyone should hold their shares until a reasonable s/p is reached. 
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