CVI 0.00% 0.3¢ cvi energy corporation limited

Puzzling to say the least.This report from August 07 and a big...

  1. 241 Posts.
    Puzzling to say the least.This report from August 07 and a big wrap on Cameroon in the Nov 07 shareholder update anyone making inquiries!
    ASX: CVI
    NASD OTCBB: CTVWF
    DAC: C4Z
    ASX / MEDIA RELEASE August 9, 2007
    NORTH MATANDA OIL PROJECT FEASIBILITY STUDY – CAMEROON
    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.
    The scope of the feasibility study will include:

    Certification of reserves (both gas and condensate).

    Design of plant and infrastructure to a level of detail for cost estimates of +/- 30% accuracy.

    Capital and operating cost estimation to a level of +/- 30% accuracy.

    Financial modelling to establish expected cash flow, profit and net present value.

    Commencement of formal government and environmental approvals process.

    Negotiation of off take agreements for both gas and condensate.

    Decision on financing strategy.

    Early award of the detailed engineering package to engineering contractor (pending finance).
    Mark Smyth said "CityView is keen to complete the feasibility study to quantify the technical and commercial aspects of North Matanda. 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."
    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:
 
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