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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

Comment by radcaton Mar 17, 2024 2:05pm
90 Views
Post# 35937339

RE:RE:RE:Three Years

RE:RE:RE:Three YearsRound 25 Thailand auction has been scheduled and rescheduled and rescheduled for years. This is becoming monotonous. Waiting for an auction that keeps getting postponed is costing CEC shareholders a great deal of money. Expenses without any revenue is going to be the death of this company. Management should look elsewhere for an opportunity preferably an asset that already produces cashflow. Being strung along repeatedly suggesting the Thai auction is getting near and we will develop Sawn Lake 1,200 bopd, no wait 3,600 bopd is nothing but El Toro poo poo. Regardless, if and when SL starts pumping or by some miracle CanAsia does get another Thai block management & company have controlling interest in CEC. I expect if the company does get back on its feet they will buy another 11% on the cheap and not take retail investors along for the ride. This id dead money! Move on.   
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