• CanAsia Energy completed the sale of Andora Energy to Logan Energy subsidiary Logan Oil on October 30, 2026.
• Closing proceeds totaled C$ 29.39 million against a C$ 30 million base price, adjusted for estimated net debt with C$ 2 million withheld.
• A further C$ 10 million is contingent on first oil sales from Sawn Lake, subject to conditions including produced-water boiler commissioning.
• Production-linked payments could add C$ 15 million, bringing total potential cash consideration to C$ 55 million.
• Approximately C$ 17 million is earmarked for a shareholder return of capital, with record and payment dates expected before year-end 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canasia Energy Corp. published the original content used to generate this news brief via CNW (Ref. ID: 202611020830CANADANWCANADAPR_C3386) on November 02, 2026, and is solely responsible for the information contained therein.