Canadian Energy Partners
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
 



Email Signup for
News Releases:

Name:
Email:


 

CANADA ENERGY ANNOUNCES MONTNEY/DOIG EXPLORATION BUDGET FOR JOINT VENTURE WITH CREW ENERGY

March 17, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2008) - Canada Energy Partners Inc. (TSX VENTURE:CE) ("Canada Energy") announces Montney and Doig Formations exploration budget for its previously announced joint venture with Crew Energy Inc. ("Crew Energy"). Pursuant to the budget, Crew Energy will complete, at its sole expense, the following:

Committed Exploration Estimated Value
   
Three-dimensional seismic
Four Peace River commitment wells
One Moberly area commitment well
$3 million to $5 million
$14.5 million to $16.5 million
$2.5 million to $3.5 million
   
Total committed exploration $20 million to $25 million

The Montney and Doig Formations exploration program will cover 55 sections (approximately 35,500 acres) of lands held by Canada Energy in northeast British Columbia. Crew Energy will start the exploration immediately and will operate the project to earn a 50% working interest in the subject lands upon the completion of the exploration program. Canada Energy will own the remaining 50% working interest.

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.

The TSX Venture Exchange does not accept responsibility for the adequacy or the accuracy of this release.

CONTACT INFORMATION:

Canada Energy Partners Inc.
John Proust
Director
(604) 909-1154
Fax: (604) 488-0319
Website: www.canadaenergypartners.com

 


© Canada Energy Partners Inc. All rights reserved Designed & Powered by Blendermedia
 
Home  |  Corporate  |  News  |  Projects  |  Investors  |  Contact