CVI 0.00% 0.3¢ cvi energy corporation limited

konang 3 well update

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    ACN 009 235 634
    Level 9, 28 The Esplanade
    Perth, Western Australia, 6000
    PO Box 5643
    St George’s Terrace
    Perth, Western Australia, 6831
    Telephone: (61-8) 9226 4788
    Facsimile: (61-8) 9226 4799
    Email: [email protected]
    Web: www.cityviewcorp.com
    August 29, 2006
    The Manager
    Company Announcements Office
    Australian Stock Exchange Limited
    Level 4
    Exchange Centre
    20 Bridge Street
    SYDNEY NSW 2000
    CityView has been advised by the Operator, Medco Energi that the drilling of Konang-3 well has reached a depth of 2,212 feet. The target depth is 4,920 feet. CityView is free earned through the drilling of Konang-3.
    Konang-3 is being drilled in the Madura Block on Madura Island near the city of Surabaya where there is a ready market for oil and gas. The Block covers an area of 674,100 acres. A number of large fields have been discovered in the vicinity and it is these same producing trends which are being examined on Madura.
 
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