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



Email Signup for
News Releases:

Name:
Email:


 

CANADA ENERGY ACQUIRES ADDITIONAL WORKING INTEREST IN THE DEEP RIGHTS ON PEACE RIVER PROJECT

March 27, 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2008) - Canada Energy Partners Inc. (the "Company") (TSX VENTURE:CE) is pleased to announce that it has agreed to acquire the remaining 1% working interest in the deep rights on the Company's Peace River Project from GFR Canada Ltd. ("GFR") in consideration for the issuance by the Company to GFR of 200,000 common shares of the Company. Upon the completion of the acquisition, the Company will have a 100% working interest in the deep rights of the Peace River Project.

The acquisition of GFR's interest, which is subject to the approval of the TSX Venture Exchange, is expected to close on April 1, 2008. The acquired interest will be subject to the previously announced farm in by Crew Energy Inc.

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