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 COMMENCES DRILLING OF HORIZONTAL CBM WELL ON MONIAS PROSPECT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 4, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce that it has commenced the drilling of a horizontal CBM well on its Monias Prospect in northeast British Columbia. This well is a follow-up of the well drilled in the spring of 2008 as announced in the Company's March 14, 2008 news release. The Company's analysis of the drilling results from the previous well has indicated that the coal seems intersected may be favourable for horizontal development. The Company will employ the latest technology in horizontal drilling for this well. The Company will fund 100% of the costs of drilling of this well and upon completion will earn 70% working interest under a farm-in agreement with a Major announced by the Company on September 18, 2007. This well is in close proximity to the Major's existing gas infrastructure and the Company has a gas transportation agreement with the Major.

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.

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) 895-7445
Email: info@canadaenergypartners.com

or

Canada Energy Partners Inc.
Ben Jones
Chief Executive Officer
(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