The man's a genius!! Mind twisting - but genius!!!
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 ABN: 59 009 235 634 ACN: 009 235 634 ASX: CVI NASD OTCBB: CTVWF FSE: C4Z ASX / MEDIA RELEASE March 4, 2008 Refinery Purchase CityView Corporation Limited (“CityView”) advises that in conjunction with a major African partner it has entered into preliminary arrangements to purchase an Oil Refinery with capacity of 100,000 bpd. The refinery will be relocated to West Africa. The details of arrangements are governed by a strict confidentiality agreement. Further information will follow as soon as possible. West and Southern Africa do not have enough refinery capacity. This situation is forecast to continue. The Ivory Coast refinery is export oriented but with limited capacity. The four Nigerian refineries run at less than 50% of installed capacity. Much of the fuel consumed in West Africa has to be imported from Europe. Consequently refined products are in short supply and very expensive. Mark Smyth Chief Executive Officer.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
