CanAsia Energy Corp. (V:CEC)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | Unit 1505, 505 3rd St. SW CALGARY AB T2P 3E6 |
| Tel: | N/A |
| Website: | https://canasiacorp.com |
| IR: | See website |
| Key People | ||
| Jeff C. Chisholm President, Chief Executive Officer, Director | William D. Ostlund Chief Financial Officer, Vice President - Finance, Corporate Secretary | Craig Pichach Vice President - Operations, Andora Energy Corporation |
| Business Overview |
| CanAsia Energy Corp. is a Canada-based junior oil and gas company. The Company is engaged in the exploration for, and the acquisition, development and production of, crude oil and natural gas reserves. The Company, through its subsidiary, Andora Energy Corporation, is focused on developing the bitumen resources at the Sawn Lake property using steam assisted gravity drainage (SAGD) development. The Company has interests in 27 sections (24.25 net sections) of Sawn Lake Alberta Crown oil sands leases within the Alberta Peace River Oil Sands area. In the Sawn Lake Central area, it operates with a 75% working interest in two oil sands leases with 11 gross sections (8.25 net sections). In the Sawn Lake South area, it operates with a 100% working interest in three oil sands leases with 16 gross sections (16 net sections). |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CanAsia Energy Corp revenues was not reported. Net loss increased from C$725K to C$3.2M. Higher net loss reflects General and Admin Expenses increase from C$782K to C$2.1M (expense), Operating expense increase from C$149K to C$625K (expense), Foreign exchange gain decrease of 87% to C$31K (income). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.01 to -C$0.06. |
| Employees: | 88 as of Dec 31, 2014 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1.84M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.00M as of Dec 31, 2023 |
| EBITDA (TTM): | -$2.55M as of Dec 31, 2023 |
| Net annual income (TTM): | -$3.19M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.01M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 105,793,907 as of Jan 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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