CanAsia Energy Corp V.CEC

Alternate Symbol(s): CECAF

Energy Oil & Gas E&P

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).

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CanAsia Energy Corp > What Up

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Comment by radcaton Feb 04, 2023 9:10am

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Post# 35266626

RE:RE:RE:RE:RE:RE:What Up

I suggest you visit the VLE board and read what they got for $10.8 million as well as their Thai deal #2. Furthermore, WCS closed Friday at $50.77 which is a far cry from the $87.81 expectation management had last year. So you are in favour of spending $10.00 to pump $50.77 gross? Sawm Lake will not be profitable at the current WCS price. Also, the only news release CEC has issued is executive options. Must be for a job well done.

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