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



Email Signup for
News Releases:

Name:
Email:


 

CANADA ENERGY PARTNERS ANNOUNCES DRILLING COMPLETED ON SECOND MONTNEY EXPLORATION WELL AND THE INITIATION OF COMPLETION ACTIVITIES

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 22, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the completion of drilling on its first deep exploration well on the Monias Prospect. This is the Company's second deep exploration well in northeast British Columbia targeting the Montney and other deep formations. The first Monias Prospect deep exploration well is currently being fractured and production tested in multiple formations and is scheduled to be completed in 30 to 60 days. The commencement of the drilling of this well was previously announced in the Company's July 29, 2008 news release. The Company owns 35% working interest in this well.

Canada Energy Partners is an active oil and gas exploration and development company. Canada Energy possesses a large concentrated land position in a high-impact, multi-zone, natural gas-bearing area in northeast British Columbia. The Company is in a strong financial position with $22 million cash in the treasury and a large financial commitment from its joint venture partners to drill six (6) Montney exploration wells before March 31st, 2009 (2 drilled to date) and shoot 3D seismic on Canada Energy's Peace River Project and Monias Prospect (completed), at no additional cost to the Company. In addition, in order to earn their full property interests, the joint venture partners have the option to drill two additional (2) wells each at no additional cost to the Company.

On behalf of the Board of Directors of Canada Energy Partners Inc.

John Proust, Director

Forward Looking Statements: This press release contains forward looking statements relating to expected or anticipated future events and operations, number of wells to be drilled, timing of projects and anticipated 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 future plans. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. There is no representation by the company that actual results achieved during the forecast period will be the same in whole or in part as that forecast.

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 or Direct: (604) 895-7445
Fax: (604) 488-0319
Email: info@canadaenergypartners.com

or

Canada Energy Partners Inc.
Ben Jones
Chief Executive Officer
Direct: (225) 928-9980
Email: info@canadaenergypartners.com
Website: www.canadaenergypartners.com

 


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