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Bullboard - Stock Discussion Forum 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... see more

TSXV:CEC - Post Discussion

CanAsia Energy Corp > Three Years
View:
Post by venture009 on Mar 04, 2024 2:32pm

Three Years

Here we are three years into an energy boom and POE/CEC have been on the side lines twiddling their thumbs or awaiting on the big Thai land sale (when is the question) There seems to be little doubt at, this pace, another financing will be necessary to get anything of significance done, and still nothing on the Sawn Lake asset. What gives?.
Comment by Fortunas on Mar 12, 2024 12:03pm
I'd like to see progress in Asia and Canada, but I see the legal process in Canada as actually more critical to unlocking value here, particularly in the short term. Sawn Lake must be worth something, despite it being a challenging asset, it's a large resource. 
Comment by venture009 on Mar 14, 2024 12:43pm
According to todays release the Sawn Lk. partner owes approximately $600,000. I don't know the details of this liability but this has restricted the company from doing any developement in Canada. This seems to be a small amount in the overall scheme of things when it comes to Sawn Lk. value. The focus of this company just seems to be totally out of wack. A lot seems to be put on acquiring ...more  
Comment by radcat on Mar 17, 2024 2:05pm
Round 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 ...more  
Comment by venture009 on Mar 19, 2024 10:53am
Agree. If you look at the level 2 someone keeps slapping down huge volumes for sale preventing any upward movement. Never understood their philosophy of concentrating on country not necessarily energy friendly. 
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