CanAsia Energy Corp V.CEC

Reserves valued at $25 million

[nozzpack]

Same as mine.....

"The analyst noted that Pan Orient Energy owns a 50.01% interest in the Thailand L53/48 Concession, which according to a reserves report prepared by Sproule International Ltd., has estimated net proven (1P) reserves of 1.4 million barrels of oil.

Production attributed to Pan Orient's 50.01% interest in the Thailand assets is approximately 1,595 boe/d.

The report estimated the total value of the resource to be CA$25 million, or CA$0.50/share "

[nozzpack]

It's my posit that Valeura will be the buyer of the Thai assets and will then participate by JV for new SEA development project . $25 million or so has always been my call for the price that VLE will pay for these sunset assets. The arrangement is still unfolding and might see a mnage a trios, for more hefty assets. My position here remains my modest long term core of just under 100,000

[bullhorn3]

Nozzie, it seems that you are counting on any distribution that POE makes, after selling properties, to be a ROC... that may or may not be true. With the SP around $1.00 now and supposedly $0.70 then, you must gain $0.30 from the tax advantage, if it happens. Risk mitigation involves diversification, so once again I offer to buy some or all of your 100,000 shares at a discount from tooday's

[nozzpack]

I do ok and have made a fortune on POE over the past few years. One big kicker with VLE is its Deep Thrace assets in Turkey. Those are given zero value and that may be realistic . But, should they secure a new JV partner, VLE could rise above $5 on the speculative drilling froth.

[Lucky2021]

nozzi why dont you go to vle board and cry there Poe will sell alberta and thai assets , will pay out dividend and will continue exploration using its own cash so just relax