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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 interests in 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 75% 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 Mar 14, 2024 12:43pm
76 Views
Post# 35932982

RE:RE:Three Years

RE:RE:Three YearsAccording to todays release the Sawn Lk. partner owes approximately $600,000. I don't know the details of this liability but this has restricted the company from doing any developement in Canada. This seems to be a small amount in the overall scheme of things when it comes to Sawn Lk. value. The focus of this company just seems to be totally out of wack. A lot seems to be put on acquiring something in Thailand (39th on the world energy index) verus's doing something in Canada ( 4th on the world energy index). Previous releases suggested something would develope in Thailand in the first half of 2024, now it looks like the end of 2024 and in the mean time they keep spending money to keep an office in Calgary and Thailan open plus litigating their partner. Not a good formula for success.  
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