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The latest announcement is out from Pan Orient Energy ( (TSE:CEC) ).
CanAsia Energy Corp. announced the results of its December 31, 2024 Contingent Bitumen Resources Report for its Sawn Lake, Alberta SAGD project, reflecting a 100% working interest following a strategic acquisition. The report highlights 359 million barrels of unrisked ‘Best Estimate’ contingent resources with a net present value of $886 million, and forecasts production from 2026 to 2106, indicating significant long-term potential for the company.
More about Pan Orient Energy
CanAsia Energy Corp., through its wholly owned subsidiary Andora Energy Corporation, operates in the oil sands industry, focusing on the extraction and development of bitumen resources using Steam Assisted Gravity Drainage (SAGD) technology. The company is primarily involved in oil sands interests at Sawn Lake, Alberta, Canada.
Average Trading Volume: 38,354
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$9.02M
See more data about CEC stock on TipRanks’ Stock Analysis page.