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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 Nov 08, 2024 12:00pm
76 Views
Post# 36303371

Company Managemet

Company ManagemetWhat a disfunctional management. They appear to be waiting for the much anticipated Thailand land sale. A country that has consistantly leaned towards alternative energy. As energy prices begin to unwind this group twittle their thumbs,  keep paying administration costs and do nothing with a property (Sawn Lk.) that they value at $180 million. Come on management get moving or move on. 
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