Canasia Energy Corp · TSXV:CEC
Canasia Energy — Investor Presentation (May 2026)
23 slides from Canasia Energy's investor presentation, May 2026
Slide 1: Corporate Presentation May 2026
TSXV: “CEC” Page 01 Corporate Presentation May 2026 CanAsia Energy Corp.
Slide 2: Cautionary Statement
Cautionary Statement Page 02 Unless otherwise noted, all information herein is given as at May 6, 2026. No Offer or Solicitation This presentation is for informational purposes only and is not intended to, and shall not, constitute an offer to sell or the solicitation of an offer to buy any securiti
Slide 3: Summary of Recent Activities
Summary of Recent Activities Page 03 CanAsia owns and operates 100% of the Sawn Lake SAGD project in Alberta , Canada In May 2026, CanAsia entered into a Cooperative Research and Development Agreement with the Korea Institute of Geoscience and Mineral Resources in respect of Andora’s heavy oil p
Slide 4: Financial Summary
Financial Summary Page 04 Financial Basic Common Shares Outstanding (TSXV:CEC) on Dec31-2025 112.8 million Shares held by Directors & Officers on Dec31-2025 22.9 million shares or 20.3% Stock Options Outstanding ($0.15 weighted average exercise price) on Dec31-2025 9.8 million Broker Warrants Outsta
Slide 5: Shareholders
Shareholders Page 05 Shareholders (As at Dec31-2025) CanAsia Energy Corp.
Slide 6: Thailand – Concession L8
Thailand – Concession L8 Page 06 Pan Orient (predecessor to Canasia) - discovered fields sold to Dialog (Malaysia) in 2022 • Bid submitted in July 2025 • CanAsia 30% WI & Non-operator • L8 encompasses all the ex-Pan Orient L53 concession (sold to Dialog in 2022) and ex PTTEP L43 acreage – Approx 4,0
Slide 7: Sawn Lake SAGD
Sawn Lake SAGD Page 07 CanAsia announced on May 6, 2026 that it and its wholly-owned subsidiary, Andora Energy Corporation (“Andora”), have entered into a Cooperative Research and Development Agreement (the “Agreement”) with the Korea Institute of Geoscience and Mineral Resources (“KIGAM”) in respec
Slide 8: Sawn Lake SAGD
Sawn Lake SAGD Page 08 • 6 contiguous sections with > 20m of pay and • 21 contiguous sections with > 10m of pay • Reservoir characteristics are suitable for SAGD development in terms of permeability and generally clean sands • Depth is approximately 650m Pilot Site Net Pay Bluesky Zone Oil Net Pay S
Slide 9: Sawn Lake Project Overview
Sawn Lake Project Overview Page 09 Andora, a 100% owned subsidiary of CanAsia, will be the project operator The research project will utilize the existing: Steam Assisted Gravity (SAGD) Wellpair 1U/1L SAGD facility with associated power generation, source water, disposal and natural gas infr
Slide 10: SAGD CAPEX Intensity
SAGD CAPEX Intensity Page 010 • The primary objective of CanAsia’s PWB design is to reduce the massive upfront capital costs of a conventional SAGD development, often exceeding $800MM for a 10,000 bopd initial design • These up-front cost reductions are achieved through A multi- battery, modular, st
Slide 11: Sawn Lake Contingent Resources
Sawn Lake Contingent Resources Page 011 Summary of Resource Volumes and Values(1) Resource Category Bitumen Resources Pre-Tax NPV10 Post-Tax NPV10 Unrisked Risked Unrisked Risked Unrisked Risked (MMbbl) (MMbbl) ($MM) ($MM) ($MM) ($MM) Contingent - Low Estimate "1C" 292.9 249.0 $673 $573 $504 $431 Co
Slide 12: Produced Water Boiler (PWB)
Produced Water Boiler (PWB) Page 012 CanAsia Energy Corp.
Slide 13: PWB (Thermosludge)
PWB (Thermosludge) Page 013 • CanAsia’s patented Produced Water Boiler (PWB) is based on a boiler design used in California and Venezuela in the 1970’s • The original design functioned as planned with the main/only issue being fouling by precipitates of the internal piping • The original design requ
Slide 14: Solvent-Assisted SAGD (ES-SAGD)
Solvent-Assisted SAGD (ES-SAGD) Page 014 CanAsia Energy Corp.
Slide 15: Partial Upgrading Pilot (20BOPD)
Partial Upgrading Pilot (20BOPD) Page 015 CanAsia Energy Corp.
Slide 16: Partial Upgrading Pilot (20BOPD)
Partial Upgrading Pilot (20BOPD) Page 016 CanAsia Energy Corp.
Slide 17: WP1 Production Profile 2014-2016
WP1 Production Profile 2014-2016 Page 017 2014-2016 Demonstration Project • $38MM demonstration project, operated by Andora consisted of one SAGD well pair drilled to B C a depth of 650m and a horizontal length of 780m A and the SAGD facility for water handling, steam generation bitumen treating, po
Slide 18: Project Timelines
Project Timelines Page 018 Year 1 - Regulatory Approval, Plant Refurbishment ES-SAGD/PWB Module Engineering/Fabrication Year 2 - ES-SAGD Commissioning and Pilot PWB Commissioning and Pilot Partial Upgrader/Experiments Fabrication Year 3 - Partial Upgrading / Experiments Commissioning and Pilot CanAs
Slide 19: Korean Project Schedule
Korean Project Schedule Page 019 Plant + WP1 Re-Start PWB Fabrication & Install Solvent Flood Fabrication & Install Partial Upgrader Fabrication & Install CanAsia Energy Corp.
Slide 20: Extended SAGD Horizontal Wellpairs
Extended SAGD Horizontal Wellpairs Page 020 Andora reservoir simulations indicate that utilizing longer wellpairs with Inflow Control Devices (ICDs) could maintain the well productivity per length (i.e. approx. double production with a corresponding doubling of length and steam injection) while ma
Slide 21: APPENDIX A Cautionary Statements
APPENDIX A Cautionary Statements Page 021 Forward-Looking Information This presentation contains forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information is generally identifiable by the terminology used, such as "expect", "believe", "estimat
Slide 22: Cautionary Statements Continued
Cautionary Statements Continued Page 022 The Company has provided forward-looking information with respect to resources estimates related to Canada and estimated costs associated with work commitments in Canada. Resources estimates are prepared by independent reservoir engineers and there are numero
Slide 23: Cautionary Statement Continued
Cautionary Statement Continued Page 023 The Resources Report identified key positive and negative factors for development of the Bluesky formation in the Sawn Lake area. Key positive factors include: the abundance of well data available from penetrations on and surrounding Andora’s lands (petrophysi