CanAsia Energy Corp V.CEC

Reduced production in Q1 2022

[nozzpack]

It will be needed in order to avoid the massive windfall tax on excess profits of up to 76%.

With the USD declining which means oil price increasing, POE will have trouble getting decent value fo the remaining Thai assets due to windfall tax limits on production.

I have reduced by valuation to $20 million cad

[dowd]

Moron.

[radcat]

Yup. Here is the "official" statement from our last NR. No doubt management is anxious to fork over more taxes.   THAILAND Pan Orient Energy (Siam) Ltd. is currently undertaking an approximately eight to ten well workover program with the aim of increasing oil production and take advantage of the current oil price environment.

[Lucky2021]

Hey nozzy just be happy if you long Poe but if you are short just get ready for margin call from your broker ;)

[nozzpack]

I find shorting disgusting . I am always  long. I sold my POE just above $1.30 and bought more SOU which is up 30 % since then and going much higher. Had I held here, I would be worse off. They have not secured a buyer yet and that may not happen anytime soon..

[bullhorn3]

Nozzie, Feeling blue? Bad news from Valeura about prospects for ever tapping their gas reservoir... without an extension due to COVID, Valeura's license to drill would expire this year. SOU looks stuck, so good luck hoping to profit from them. KUB has extra taxes, only worse than POE. Your gold stock (forgot the name) will be dropping even more because gold price is plummeting. Don't worry