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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Canada Energy Partners Inc | TSXV:CE | 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% | 0.005 | 0.005 | 0.01 | 0 | 01:00:00 |
Canada Energy Partners (TSX VENTURE:CE) (the "Company") is pleased to announce that it has arranged for a two year satisfaction of a $1.6 million plug and abandonment bond commitment to the BC Oil and Gas Commission and secured financing for two years, by way of a third party credit facility, of all lease property taxes and surface and subsurface rental obligations in exchange for granting a 12 month first-right-of-refusal on the Company's Montney assets. In addition Canada Energy has committed to sell certain dormant assets for $210,000. Closing is expected to occur on or before January 31, 2013. Canada Energy currently has no debt. On behalf of the Board of Directors of Canada Energy Partners Inc. John Proust, Chairman FOR FURTHER INFORMATION PLEASE CONTACT: Canada Energy Partners Inc. John Proust Chairman (604) 696-9020 info@canadaenergypartners.com Canada Energy Partners Inc. Ben Jones President and CEO (225) 388-9900 info@canadaenergypartners.com Canada Energy Partners Inc. 1680-200 Burrard St. Vancouver, BC V6C 3L6 Main Phone: (604) 909-1154 Fax: (604) 488-0319 www.canadaenergypartners.com
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