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COI Ceiba Energy Services, Inc.

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Share Name Share Symbol Market Type
Ceiba Energy Services, Inc. TSXV:COI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Cancen Oil Canada Inc.: Strathcona County Issues Development Permit for the Chamberlain Custom Treating Facility

08/08/2012 9:36pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Cancen Oil Canada Inc. ("Cancen" or the "Corporation") (TSX VENTURE:COI) is
pleased to announce that the Chamberlain facility (the "Facility"), located on
17th Street in Edmonton, in the heart of refinery row, has been approved for
development by Strathcona County. The Facility has already been approved by the
Alberta Energy Resources Conservation Board (ERCB). The Facility will consist of
surface facilities and equipment capable of treating 300 m3 (1850 bbl) of
oil/water emulsions per day. Cancen intends to rework the produced water
disposal well onsite to facilitate onsite produced water disposal. The build out
is ongoing and management expects that operations could commence in late fall of
2012.


Reader Advisory

This press release contains forward-looking statements and information that are
based on the beliefs of management and reflect the Corporation's current
expectations. When used in this press release, the words "estimate", "project",
"belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should"
and the negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and information.
The forward-looking statements and information in this press release include
information relating to the completion of the Facility and commencement of
operations. Such statements and information reflect the current view of the
Corporation with respect to risks and uncertainties that may cause actual
results to differ materially from those contemplated in those forward-looking
statements and information.


By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements.


Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and the Corporation undertakes no
obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change. Investors are cautioned against
attributing undue certainty to forward-looking statements.


The Corporation cautions that the foregoing list of material factors is not
exhaustive. When relying on Cancen's forward-looking statements and information
to make decisions, investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. The Corporation has also
assumed that material factors will not cause any forward-looking statements and
information to differ materially from actual results or events. However, the
list of these factors is not exhaustive and is subject to change and there can
be no assurance that such assumptions will reflect the actual outcome of such
items or factors.


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