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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 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

Post by radcaton Jan 14, 2023 2:26pm
371 Views
Post# 35223393

What Up

What UpI keep checking back to see if Jeff has been up to something. Answer: No. With WCS @ $57 Sawn Lake will not be very profitable if at all.  Will need a much higher WCS price than this. As for getting other exploration blocks in Thailand, it seems to me Sean at VLE has stolen Jeffs thunder with not 1 but 2 amazing deals. Is CEC only interested in bidding on blocks at auction which they may or may not get. Time to go after the low hanging fruit just like VLE did. Since you Jeff did not lead, follow!

P.S. Cudos to you Nozzpack for having the foresight to pick VLE. Very impressive!  
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