Pan Orient Energy (TSE:CEC) has released an update.
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CanAsia Energy Corp. has made strategic moves in Q1 2024, with a focus on its Sawn Lake heavy oil project in Alberta, where it’s poised to secure a 100% operated working interest. The company is in a solid financial position with $6.4 million in working capital, no long-term debt, and plans to enhance the project’s value for shareholders or potential buyers. Additionally, CanAsia completed a private placement financing, raising $1.258 million to support its future activities.
For further insights into TSE:CEC stock, check out TipRanks’ Stock Analysis page.
