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CFY CF Energy Corp

0.24
0.01 (4.35%)
25 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CF Energy Corp TSXV:CFY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.01 4.35% 0.24 0.23 0.245 0.24 0.24 0.24 35,000 18:31:54

Changfeng's Xiangdong Pipelined Gas Distribution Project Has Successfully Completed Its Preoperational Inspection and Safety ...

23/01/2013 12:30pm

Marketwired Canada


Editors Note: There are 2 figures accompanying this press release.

Changfeng Energy Inc. ("Changfeng" or the "Company") (TSX VENTURE:CFY), a
natural gas utility in China, announced today that the Company has completed the
preoperational inspection and safety testing of its Xiangdong pipelined gas
distribution project (the "Xiangdong Project") located in the Xiangdong
district, Pingxiang city, Jiangxi Province, China. As a result, the pipeline and
its facilities are ready for the commercial natural gas distribution. 


The Xiangdong Project, the Company's first pipelined gas distribution project in
Mainland China, was launched in early 2010 and the first phase of construction
of this project inside the Pingxiang Industrial Ceramic Park (the "Park")
commenced in November 2011. To date, approximately 7.5 kilometers (4.66 miles)
of pipeline has been buried underground, and a set of CNG (compressed natural
gas) pressure regulators and gas processing facilities were installed. 


To view "Figure 1: An on-site technician is checking the pressure regulator",
please visit the following link:
http://www.marketwire.com/library/20130122-848596800.jpg. 


To view "Figure 2: From left to right, representatives from Changfeng, the local
customer, and the local government participated in igniting the gas for safety
testing in the Park", please visit the following link:
http://www.marketwire.com/library/20130122-800848596.jpg. 


About Changfeng Energy Inc.

Changfeng Energy Inc., is a local natural gas distribution company ("LDC" or
natural gas utility) with operations located throughout the southern part of
People's Republic of China. The Company serves industrial, commercial and
residential customers, providing them with natural gas for heating purposes and
fuel for transportation. The Company has developed a significant natural gas
pipeline network as well as urban gas delivery networks, stations, substations
and gas pressure regulating stations in Sanya City & Haitang Bay. Through its
network of pipelines, the Company provides safe and reliable delivery of natural
gas to both homes and businesses. The Company is headquartered in Toronto,
Ontario and its shares trade on the Toronto Venture Exchange under the trading
symbol "CFY". For more information, please visit the Company website at
www.changfengenergy.com.


Forward-Looking Statements 

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. The forward-looking statements
contained herein are expressly qualified in their entirety by this cautionary
statement. The forward-looking statements included in this document are made as
of the date of this document and the Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation. Although Management believes that
the expectations represented in such forward-looking statements are reasonable,
there can be no assurance that such expectations will prove to be correct. This
news release does not constitute an offer to sell or solicitation of an offer to
buy any of the securities described herein and accordingly undue reliance should
not be put on such.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Changfeng Energy Inc.
Mr. Kevin M. Zhang
Chief Financial Officer
416.362.5032
kevin@changfengenergy.com


Changfeng Energy Inc.
Ms Ann S.Y. Lin
Corporate Secretary
416.362.5032
ann@changfengenergy.com
www.changfengenergy.com

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