CANADA ENERGY PARTNERS INC. (CE.v) - NE BC Oil Shale

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

CANADA ENERGY PARTNERS INC. ANNOUNCES DRILLING OF SECOND MONTNEY WELL

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 29, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce that drilling has commenced with its second Montney exploration well on its lands in northeast British Columbia. This well is located on the Company's Monias prospect and is the second of a minimum of six Montney exploration wells planned for the next 8 months on the Company's lands. These six committed wells and four additional option wells targeting Montney and other deep formations will be drilled by the Company's joint venture partners at no cost to the Company. In addition, the Operator of the deep rights on the Company's Monias prospect is currently shooting the 3D seismic program over the acreage.

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 companies' 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 companies 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

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

CANADA ENERGY PARTNERS INC. ANNOUNCES PRODUCTION DRILLING ON ITS PEACE RIVER CBM PROJECT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce the start of production drilling on its Peace River CBM (Coal Bed Methane) Project (the "Project"). Canada Energy has a 50% working interest in the Project. A drilling rig will drill five (5) new production wells, one after another, as part of the 2008 Development Program previously announced in the Company's January 29th, 2008 news release. The 2008 Development Program includes the drilling and completion of five (5) new production wells, the connection of three (3) existing wells, construction and installation of gas treating and compression facilities, a pipeline and connection to Spectra's (formerly Duke Energy's) transcontinental pipeline, and the initiation of natural gas production from eight ( Cool

wells.

The operator has completed the clearing of the pipeline right-of-way, the gas plant site, and the five drilling locations. Installation of the gathering lines to the eight wells is almost complete.

Canada Energy expects gas sales from the Project to commence in Q4/2008.

The Peace River CBM Project has 315 potential well locations (based on 160 acre spacing) on approximately 50,188 acres located in the Peace River area near Hudson's Hope in northeast British Columbia. Since 2001 over $36 million CAD has been invested in the Project, with seventeen (17) wells drilled consisting of nine (9) production-tested wells, four (4) water disposal wells and four (4) core holes. A third party engineering report estimates the gross discovered resource on the Project to be over 2.3 TCF (trillion cubic feet) of raw natural gas excluding carbon dioxide.

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 companies' 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 companies 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

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

CANADA ENERGY PARTNERS INC. ANNOUNCES DRILLING OF FIRST MONTNEY WELL

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) is pleased to announce that drilling has commenced with the first Montney Formation exploration well on its lands in northeast British Columbia. This well is the first of a minimum of six Montney exploration wells planned for the next 9 months on the Company's lands. These six committed wells and four additional option wells targeting Montney and other deep formations will be drilled by the Company's joint venture partners at no 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 companies' 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 companies 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

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

CANADA ENERGY PARTNERS INC. GRANTS INCENTIVE STOCK OPTIONS AND APPOINTS PRESIDENT

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 25, 2008) - Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE) announces that it has granted an aggregate of 2,000,000 incentive stock options to various directors, officers and consultants of the Company at an exercise price of $1.61 per share. These options are exercisable for a five-year period.

The Company also announces the resignation of Mr. Winston Purifoy as President. Mr. Purifoy is a co-founder of Canada Energy and his experience and contribution was invaluable in the early stages of the Company's formation and development. The Company is pleased that he will remain as an active director and consultant. Mr. Ben Jones, the CEO of the Company, will assume the role of the President.

On behalf of the Board of Directors of Canada Energy Partners Inc.
John Proust, Director

Forward Looking Statements: This document may contain statements about expected or anticipated future events and financial 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 its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Act of 1995.

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
Website: www.canadaenergypartners.com

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

The Company has an attractive land position on 100 gross sections (64,000 gross acres) in highly prospective, multi-zone potential areas of northeastern BC. The prospective zones include shallow rights (Moosebar Shale and Gething CBM) and deep rights (Montney/Doig Formations). The Company is an active explorer/operator and has entered three joint ventures with experienced, successful and well-funded oil and gas producers to aggressively advance the exploration and development of its projects. The Company and its partners are currently implementing four exploration programs:

Montney Formation exploration and development (deep rights)

1.	Joint venture with Crew Energy (TSX: CR) on Peace River Project and Moberly Prospect, covering 55 sections or approximately 35,600 gross (17,800 net) acres;
2.	Joint venture with West Energy (TSX: WTL) on Monias Prospect, covering 10 sections or approximately 6,518 gross (2,705 net) acres. Net acres on Monias Prospect include nine sections with a 35% working interest and one section retained by the Company at 100% working interest.

Gething (CBM) and Moosebar Formations exploration and development (shallow rights)

3.	Joint venture with Hudson’s Hope Gas Ltd., a subsidiary of GeoMet, Inc. (NASDAQ: GMET) on Peace River Project covering 78 sections or ~50,188 gross (25,094 net) acres;
4.	Operated by Canada Energy: Monias Prospect and Farm-in from Major covering 18 sections or approximately 11,734 gross (10,169 net) acres.

The summary of the exploration and development programs is presented below:

Property	Gross Acreage	Working Interest	Partner	2008 Capital Expenditures		Funded by CE	Funded by JV partner	# of gross wells	# of net wells
Peace River Project				Min	Max	Min - Max	Min-Max	Min - Max	Min - Max
Shallow Rights	50,188	50%	GeoMet Inc.	$19.5 MM1	$19.5 MM1	$10.5 MM1	$9MM	93	4.75
Deep Rights	33,000	50%	Crew Energy	$17.5MM- $21.5MM	$22MM- $32MM	$Nil - $1MM	$17.5MM - $31MM	4-5	2 - 2.5

Monias Prospect
Shallow Rights	11,734	87%	Major	$2.5 MM2	$2.5 MM2	$2.5 MM2	$Nil	2	1.4
Deep Rights	6,518	42%	West Energy	$5MM	$16MM	$Nil	$5MM - $16MM	1-3	0.35 - 1.05

Moberly Prospect
Shallow Rights	2,600	50%	Crew Energy	$Nil	$Nil	$Nil	$Nil	None	None
Deep Rights	2,600	50%	Crew Energy	$2.5MM- $3.5MM	$8MM	$Nil	$2.5MM- $8MM	1-2	0.5- 1
Total				$47MM - 52MM	$68MM- $78MM	$13MM- $14MM	$34MM - $64MM	17-21	9 - 10.7

1. Includes $1.5MM for one Moosebar horizontal well to be 100% funded by CE
2. Includes 2 farm-in wells 100% funded by CE
3. Includes 5 new CBM wells plus connecting of 3 previously shut-in wells plus 1 Moosebar horizontal well

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

Canada Energy closes $25-million financing

2008-06-10 16:24 ET - News Release
Mr. John Proust reports
CANADA ENERGY PARTNERS INC. COMPLETES $25,000,000 FINANCING
Canada Energy Partners Inc. has closed its previously announced brokered private placement of flow-through common shares and non-flow-through common shares. The corporation raised total gross proceeds of approximately $25-million in the offering through the issuance 4,237,000 flow-through shares at a price of $1.18 per flow-through share for gross proceeds of $4,999,660 and the issuance of 16,949,000 common shares at a price of $1.18 per common share for gross proceeds of $19,999,820.
GMP Securities LP acted as the agent in respect of the offering and in consideration for its services received a cash fee equal to 6 per cent of the gross proceeds of the offering.
The corporation will use the net proceeds of the offering for the development of its jointly owned Peace River CBM project and the exploration of its natural gas properties in northeast British Columbia. The exploration of the corporation's interests in the Montney formation are currently fully financed by the corporation's joint venture partners.

Seasoned Veteran Number of posts : 253 Registration date : 2008-03-29

http://www.canadaenergypartners.com/

Canada Energy Partners Inc. (“the Company”) is an emerging Canadian natural gas exploration and development company with a concentrated land position in high-impact multi-zone potential areas in northeastern British Columbia.

The Company has an attractive land position on 100 gross sections (64,000 gross acres) in highly prospective, multi-zone potential areas of northeastern BC. The prospective zones include Moosebar Shale, Gething CBM and Montney/Doig formations. The Company is an active explorer/operator and has entered into three joint ventures with experienced, successful and well-funded oil and gas producers to aggressively advance exploration and development of its projects. These joint ventures bring partners’ outstanding technical knowledge, capital and active exploration and development programs to the Company’s large-scale projects. The Company has retained a significant working interest (35% to 50%) in its joint ventures to benefit from their future success.

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