CALGARY, AB, Sept. 16, 2026 /CNW/ -- CanAsia Energy Corp. ("CanAsia") (CEC – TSXV) CanAsia has just been made aware of articles circulating in the Thailand media stating, among other things, that the Government of Thailand Cabinet has approved the grant of concession rights for the L8/66 exploration block onshore Thailand to CanAsia and Pan Orient Energy (Siam) Limited ("POES").
As previously announced, CanAsia, together with POES, submitted a bid to the government of Thailand pursuant to the onshore Thailand 25th licensing round for a contract to explore for, develop, produce, and market oil or gas, in the L8/66 exploration block onshore Thailand (the "Concession"). CanAsia will have a non-operated 30% participating interest in the Concession and POES will be the operator.
At this time, neither CanAsia nor its partners have been formally notified that: a) the consortium is the winning bidder for concession L8, or b) the timing of any awards. The company will update shareholders immediately upon the receipt of further information regarding this matter.
About CanAsia
CanAsia is a Canadian publicly listed junior oil and gas company focused on the identification, evaluation and advancement of oil and gas exploration and development opportunities. CanAsia does not currently have producing oil and gas properties or any established source of operating revenue. Its activities to date have consisted primarily of the evaluation and advancement of early stage oil and gas assets, assessment of strategic alternatives in respect of those assets and participation in competitive bid processes for oil and gas interests.
Forward-Looking Information
This press release 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", "estimate", "should", "could", "will", "anticipate" and "potential" or other similar wording. Forward-looking information in this press release includes, without limitation, disclosure with respect to the Concession, including formal notification that CanAsia is the winning bidder and the timing of any awards. By its very nature, the forward-looking information contained in this press release requires CanAsia and its management to make assumptions that may not materialize or that may not be accurate. In addition, the forward-looking information contained in this press release is subject to known and unknown risks and uncertainties and other factors, some of which are beyond the control of CanAsia, which could cause actual results, expectations, achievements or performance to differ materially. Although CanAsia believes that the expectations reflected in its forward-looking information are reasonable, it can give no assurances that those expectations will prove to be correct. In particular, there can be no assurance that the Concession will be formally awarded and that CanAsia will enter into a definitive concession agreement with respect to the Concession. CanAsia undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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