CanAsia Energy Corp · TSXV:CEC
CanAsia Energy — Investor Presentation (September 2023)
15 slides from CanAsia Energy's investor presentation, Sep 22, 2023
Slide 1: Corporate Presentation September 22, 2023
TSXV: “CEC” Page 01 Corporate Presentation September 22, 2023 CanAsia Energy Corp.
Slide 2: Cautionary Statement
Cautionary Statement Page 02 This presentation contains forward looking statements which involve subjective judgment and analysis and are subject to significant uncertainties, risks and contingencies including those risk factors associated with the oil and gas industry, many of which are outside the
Slide 3: CanAsia Energy Corp.
CanAsia Energy Corp. Page 03 ➢ On August 25, 2022, Pan Orient Energy Corp. completed a transaction (“Arrangement”) that resulted in Dialog Asia acquiring Pan Orient’s Thailand operations for a consideration of approximately CAD $50MM. ➢ Pan Orient’s Canadian assets (mainly its interests in Andora En
Slide 4: Management History - Thailand
Management History - Thailand Page 04 Thailand-History of Value Creation: • Concession L44/43 (2012): Thailand: L44/43 – Purchased a 60% operated interest in 2005 for Sold 2012 $7.5MM – Sold June 2012 for net proceeds of $174 million, • Concession L53 (2023): – Successful bidder & Operator in 2007 T
Slide 5: Financial & Contingent Resources Summary
Financial & Contingent Resources Summary Page 05 Financial Basic Common Shares Outstanding (TSXV:CEC) Sep22-2023 49.8 million Shares held by Directors & Officers 4.3 million shares or 8.7% Stock Options ($0.23 strike price) 1.675 million Shares Fully Diluted 51.48 million Total Long-term Debt nil Ma
Slide 6: CanAsia's Recent Activities
CanAsia’s Recent Activities Page 06 Canada – Sawn Lake SAGD Project (Andora Operator with 75% working interest) 1. Sawn Lake project has maintained readiness for commercial re-start and expansion in a series of stages. 2. Andora is taking action against joint venture partners for non-payment of join
Slide 7: Activity Schedule 2023/24
Activity Schedule 2023/24 Page 07 Activity Q3/2023 Q4/2023 Q1/2024 Q2/2024 Comments Sawn Lake Joint CEC is currently enforcing a judgement Venture Restructure Upon completion of Sawn Lake Farmout restructure, CEC will seek a and/or Sale partner/buyer for Sawn Lake Thailand Bid Round Bid Group Format
Slide 8: Expansion of Sawn Lake, Alberta
Expansion of Sawn La Sawn Lake, Alberta Page 08 • CEC 75% working interest & operator in Sawn Lake Central • Successful demonstration project 2013-2016. • 7-30 SAGD facility & wellpair #1 currently suspended since 2016 • SAGD facility & wellpair secured (electronic security, fencing in place, equipm
Slide 9: Sawn Lake, Alberta Asset
Sawn Lake, Alberta Asset Page 09 ➢ CanAsia: 75% WI & Operator ➢ 258MMbbls “Best Estimate” contingent resources ➢ 650+ BOPD & 2.1 ISOR pilot completed in 2016 CanAsia Energy Corp.
Slide 10: Sawn Lake Lands
Sawn Lake Lands Page 010 Sawn Lake Central - Operated • 75% of 11 sections - Andora is Operator (Continued Indefinitely) Existing Facility & Well Pair #1 • Oil Sands Leases 740307A365 & 740307A367 • 182 MMbbls risked “Best Estimate” contingent resources net to Andora’s 75% working interest (Note1) •
Slide 11: Andora Contingent Resources Report Dec31-2022
Andora Contingent Resources Report Dec31-2022 Results from Sproule Presentation Page 011 NPV @ After Tax (MM$) – Net to CanAsia “Unrisked” Best Estimate Net to Andora Net to CanAsia as of: MMbbls MMbbls 0% 5% 10% 15% December 31, 2022 (1) 292 258 6,733 1,529 498 204 March 31, 2022 (2) 292 210 4,041
Slide 12: SAGD Well Pair #1 - Bluesky Net Pay
SAGD Well Pair #1 - Bluesky Net Pay Page 012 Phase #1 - SAGD Well Pair 16-30-91- 12W5M (depth 650 Pilot meters & horizontal length 780 meters) Sawn Lake Central SAGD Production Facility at 7-30-91-12W5M Dark Green Area >20m pay Green 15-20m pay Light Green <15m pay CanAsia Energy Corp.
Slide 13: SAGD Pilot Well Pair #1 Performance
SAGD Pilot Well Pair #1 Performance Page 013 CanAsia Energy Corp.
Slide 14: SAGD Project Comparison
SAGD Project Comparison Page 014 Tier 1 Projects Sawn Lake CanAsia Energy Corp.
Slide 15: Summary
Summary Page 015 ➢ CanAsia owns and operates 75% of the Sawn Lake SAGD project in Alberta , Canada and is currently proceeding with enforcement activities related to Can Asia’s 25% non op minority partner that may result in an increased CanAsia working interest ➢ Upon completion of the above, CanAsi
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