Pan Orient Energy (TSE:CEC) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Andora Energy Corporation, a subsidiary of CanAsia Energy Corp., has finalized the purchase of a 25% working interest in oil sands leases at Sawn Lake from Northern Alberta Oil Ltd. and Deep Well Oil & Gas, increasing their total interest to 100%. The acquisition, approved by the Alberta Court, solidifies Andora’s position as the sole operator of these assets with an investment of $2 million, which includes taking on certain obligations and a credit bid.
For further insights into TSE:CEC stock, check out TipRanks’ Stock Analysis page.