Post by
venture009 on Feb 27, 2023 7:37pm
News Release
After reading this release I have come to the conclusion that CEC/Pan Orient, as an energy company, is the equivalent to a hobby farmer. They state they have close to 300 million in reserves and instead of talking about getting on production immediately they're talking about full production by 2038. 15 years from now! We could be dead by then. This would be laughable except they seem to be serious. Who in their right mind knows what it's going to be like in 2038 plus there is also a reference to 2083. May be a miss print (I hope). They need $10 million to get to 3200bbl/d. They can't find anyone to invest $10 million? They must have used all their financial favors trying to find an elephant in Asia. Management have had this property for at least 15 years and continue to nickle and dime a property that could move them into a 10,000 bbl/d company, which would give them the cash flow to continue playing in Asia. Head shaker and hardly an incentive to encourage people to buy their stock. May be they have something else going on in the back ground. Can only hope because this just doesn't cut it.
Comment by
radcat on Feb 28, 2023 9:23am
Exactly! There is no Asia in Canasia. For the time being it is only Canalberta or more accurately Cantalberta.
Comment by
radcat on Feb 28, 2023 11:06am
https://youtu.be/8HqyEHqEYho