mwatts said
The company has inferred that Matanda is not a viable operation
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Aug. 9 2007 ASX release
We are under no illusion that this project has the potential to be extremely profitable for all of the joint venture partners and we intend to bring it to fruition as quickly as possible.
Therefore, the first critical hurdle is to complete a feasibility study on the project. Mr Conrad Maher, the recently appointed Chairman of the Advisory Board, is currently in Paris with a team of experts to commence the review and gathering of the Gulf Oil USA data as the first stage of this feasibility study."
CityView Corporation Limited (“CityView”) is pleased to advise that it has commenced the initial stage of a feasibility study with the view of fast tracking the development of the North Matanda Oil Project in the Cameroon.
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Dec 3 2007 ASX release
Cityview is pleased to advise that the preliminary feasibility study headed by Mr. Conrad Maher has now concluded and as a result of the positive findings, cityview has agreed to move ahead with its acquisition of the Matanda oil and gas field.
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