CanAsia Energy Corp · TSXV:CEC
CanAsia Energy — Investor Presentation (December 2023)
17 slides from CanAsia Energy's investor presentation, December 2023
Slide 1: Corporate Presentation
Corporate Presentation December 2023 TSXV: CEC
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 Overview
CanAsia Energy Overview Page 03 • On August 25, 2022, Pan Orient Energy Corp. completed a transaction that resulted in Dialog Asia acquiring Pan Orient’s Thailand operations. Pan Orient shareholders received CanAsia shares and CAD $51MM in cash. (Shareholders previously received an aggregate of CAD
Slide 4: Capital Structure & Use of Proceeds
Capital Structure & Use of Proceeds Page 04 Capital Structure Use of Proceeds (All dollar figures expressed in C$MM unless stated otherwise) TSXV: CEC Share Price(1) $0.105 Base offering: Basic Shares Outstanding(2) 49.8 International new ventures focused $3.64 In-the-Money Options(2) - initially on
Slide 5: Management and Directors
Management and Directors Page 05 Management Directors Jeff Chisholm (B.Sc) Gerald Macey (M.Sc. P.Geol) Chief Executive Officer and Director Chairman of the Board Mr. Chisholm is a geoscientist with over 30 years of International Mr. Macey has over 40 years of international and domestic oil industry
Slide 6: Management's History of Unlock Value in Thailand
Management’s History of Unlock Value in Thailand Page 06 Thailand-History of Value Creation: • Concession L44/43 (sold in 2012) o Purchased A 60% operated interest in 2005 for Thailand: L44/43 $7.5MM Sold 2012 o Sold June 2012 for net proceeds of $174MM • Concession L53 (sold 50% in 2015 and 50% in
Slide 7: CanAsia's Recent Activities
CanAsia’s Recent Activities Page 07 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 8: Activity Schedule 2023/2024
Activity Schedule 2023/2024 Page 08 Activity Q3 2023 Q4 2023 Q1 2024 Q2 2024 CanAsia is currently enforcing a Sawn Lake Joint judgement Venture Restructure Upon completion of restructure, CanAsia Sawn Lake will seek a partner/buyer for Sawn Lake Farmout and/or Sale Thailand Bid With potential large
Slide 9: International Growth Platform
International Growth Platform Page 09 2024+ Next 2 months New venture activities will Upon initially be focused on Thailand. Completion The Government of Thailand is anticipated to Current announce a new onshore bid round within the next 1 Upon completion of the to 2 months. enforcement activities,
Slide 10: Sawn Lake, Alberta
Sawn Lake, Alberta Page 010 • 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, equipment under nitrogen p
Slide 11: Sawn Lake, Alberta - Asset
Sawn Lake, Alberta - Asset Page 011 • CanAsia: 75% WI & Operator through Andora • 248MMbbls “Risked Best Estimate” contingent resources at December 31, 2022 • 650+ BOPD & 2.1 ISOR pilot completed in 2016 CanAsia Energy Corp. (TSXV: CEC)
Slide 12: Sawn Lake Lands
Sawn Lake Lands Page 012 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 (1) • SAG
Slide 13: Andora Contingent Resources
Andora Contingent Resources Page 013 Contingent Resources: Sawn Lake Alberta – Risked Contingent Bitumen Resources(1) 248MM bbls Risked “Best Estimate” @ NPV20 after tax $93MM “Risked” (85% chance of Net to Net to 2C NPV @ After Tax (MM$) – Net to CanAsia Andora CanAsia development) (MMbbls) (MMbbls
Slide 14: SAGD Well Pair #1 Bluesky Net Pay
SAGD Well Pair #1 Bluesky Net Pay Page 014 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. (TSXV: CEC)
Slide 15: SAGD Pilot Well Pair #1 Performance
SAGD Pilot Well Pair #1 Performance Page 015 CanAsia Energy Corp. (TSXV: CEC)
Slide 16: SAGD Project Comparison
SAGD Project Comparison Page 016 Tier 1 Projects Sawn Lake CanAsia Energy Corp. (TSXV: CEC)
Slide 17: Contact
Page 017 Jeff Chisholm CanAsia Energy Corp. President and CEO Suite 1505, 505 - 3rd Street SW, (located in Bangkok, Thailand) Calgary, AB, Canada T2P 3E6 Email: [email protected] 403-294-1770 Marcel Nunes www.canasiacorp.com Vice President Finance and CFO Email: [email protected] CanAsia Energy
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