CanAsia Unveils Sawn Lake Project Prospects and Acquisition
Company Announcements

CanAsia Unveils Sawn Lake Project Prospects and Acquisition

Pan Orient Energy (TSE:CEC) has released an update.

CanAsia Energy Corp. has released a promising evaluation of its Andora Energy Corporation’s contingent bitumen resources at Sawn Lake, Alberta, where plans for staged SAGD development are set to be funded by project cash flow. Additionally, Andora has won a bid to acquire further assets from Northern Alberta Oil Ltd. and Deep Well Oil & Gas, enhancing its stake in the Sawn Lake Central block. The strategic development, coupled with proprietary technology, aims to optimize production and minimize risks, with a notable increase in the projected net present value of Andora’s interests.

For further insights into TSE:CEC stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskPan Orient Energy Eyes Sawn Lake Divestment
TipRanks Canadian Auto-Generated NewsdeskCanAsia Energy Unveils Promising Sawn Lake Project Update
TipRanks Canadian Auto-Generated NewsdeskCanAsia Announces Director Elections and New Stock Options
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App