Pan Orient Energy (TSE:CEC) has released an update.
CanAsia Energy Corp. has announced their year-end financial and operating results, focusing on the monetization of Sawn Lake heavy oil asset and participation in Thailand’s Onshore licensing round. Amidst uncertain bid round timings and global oil price fluctuations, the company is dealing with joint venture disputes, expecting resolution by mid-May. CanAsia also welcomed a new board nominee from Risco Energy Investment following a $6.2 million financing round, which resulted in Risco owning approximately 17.7% of the company.
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