Pan Orient Energy (TSE:CEC) has released an update.
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CanAsia Energy Corp., through its subsidiary Andora Energy Corporation, has updated its Contingent Bitumen Resources Report for the Sawn Lake SAGD project in Alberta, revealing significant potential with an estimated 358 million barrels of bitumen recoverable. The updated report reflects Andora’s increased 100% working interest and projects a substantial net present value, with the ‘Best Estimate’ risked resources valued at up to $725 million after tax.
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