Pan Orient Energy (TSE:CEC) has released an update.
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CanAsia Energy Corp. has completed the consolidation of its interest in the Sawn Lake asset and is now exploring options for its sale or farmout, with initial interest from potential buyers. The company is also anticipating updates on oil and gas concession opportunities in Thailand, while maintaining a strong financial position with $3.8 million in working capital and no long-term debt.
For further insights into TSE:CEC stock, check out TipRanks’ Stock Analysis page.