VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce that it is implementing a Montney Shale exploration strategy on its lands in northeast British Columbia. The Company's land holdings include approximately 64 sections or 41,788 net acres of drilling licences with rights to the Doig/Montney Shale play in the Peace River area of northeast British Columbia. Recently released industry information reveals that the Montney play is yielding successful commercial results and that the Company's lands are located in the area prospective for the Montney formation. In light of these developments, the Company is implementing a strategy to explore for Montney Shale through strategic partnerships with experienced shale gas operators.
On behalf of the Board of Directors of Canada Energy Partners Inc.
John Proust, Director
Forward-looking statements: This document may contain statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Company's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Act of 1995.
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Canada Energy Partners Inc.
Fax: (604) 488-0319