Pan Orient Energy (TSE:CEC) has released an update.
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CanAsia Energy Corp. has released a promising evaluation of its Andora Energy Corporation’s contingent bitumen resources at Sawn Lake, Alberta, where plans for staged SAGD development are set to be funded by project cash flow. Additionally, Andora has won a bid to acquire further assets from Northern Alberta Oil Ltd. and Deep Well Oil & Gas, enhancing its stake in the Sawn Lake Central block. The strategic development, coupled with proprietary technology, aims to optimize production and minimize risks, with a notable increase in the projected net present value of Andora’s interests.
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