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http://www.ad-hoc-news.de/drucken.html?art_id=19487501



Hardt Energy - A member of Hardt Group - Exclusive advisor to Tagore
Investments S.A. - Successful signing of the asset purchase agreement for a
crude oil refinery of Tagore Investments S.A.
Vienna, London (ots) - HARDT ENERGY - the exclusive advisor to Tagore
Investment S.A., a BVI company - announced today that Tagore Investment S.A.
has reached an agreement to sell its 50.000 barrel crude oil refinery to
CityView Corporation Limited. HARDT ENERGY acts ...


Vienna, London (ots) - HARDT ENERGY - the exclusive advisor to Tagore
Investment S.A., a BVI company - announced today that Tagore Investment S.A.
has reached an agreement to sell its 50.000 barrel crude oil refinery to
CityView Corporation Limited.

HARDT ENERGY acts as arranger and project advisor to Tagore Investments
S.A. - the total purchase consideration is US$320 million. US$150 million of
this will be raised by the placement of CityView shares, the price of which
has been agreed with European institutions at Aus 20c per share.

The balance of bank funding will involve both a major West African bank and
a Global bank with the terms of the facilities and required due diligence in
hand.

HARDT GROUP Securities S.A. - a member of HARDT GROUP - acted as major
lender by financing Tagore Investments S.A. and its refinery project.

DDr. Alexander SCHWEICKHARDT, CEO of HARDT GROUP said: "We are extremely
pleased with the professional cooperation with City View. The team has an
exceptional deal flow, a strong track record and is very experienced in
project financing at the highest level in a number of major projects."

CityView CEO, Mark Smyth said; "Now that we are in a position to secure the
refinery, we can finalise negotiations with third parties to determine the
most suitable site to locate it. We have several options that are available
to us at the present time".

The transaction is subject to CityView shareholders' consent. A notice of
EGM will be issued in due course, containing further details of the
transaction and financing arrangements. Following this share placement it is
anticipated that certain members of the new institutional investors will
seek Board representation.

The refinery purchase will be closed in 2008, with shipment and construction
in 2009 and operations commencing in the first half of 2010. Expansion of
the refinery to 100,000 bpd capacity will commence following installation of
the first module.

About TAGORE

Tagore Investments S.A. has invested in the purchase, refurbishment and
re-engineering of various technical components for the construction of a
crude oil refinery (excluding on-site utilities, storage tanks and on-site
infrastructure) with an operating capacity of approx. 50,000 barrels of
crude oil per day.

About CityView

CityView owns a resources portfolio of oil, copper, gold, diamonds and rare
earths. CityView's strategy is to secure title to major oil, mineral and
diamond assets in West Africa and pursue a successful development programme.
CityView is an Australian company, listed on the ASX in Australia, OTCBB in
the USA and FSE in Germany.

About HARDT ENERGY

HARDT ENERGY provides services in the field of project development in the
energy sector ranging from petroleum and petroleum refining, power and power
generation as well as alternative energy sources and renewables. HARDT
ENERGY runs a dedicated team of professionals with extensive experience in
crude oil refining and processing, logistic operations, civil and electrical
engineering, project development and financing. Through a well established
network of partners and industry contacts, HARDT ENERGY is able to evaluate
and pursue projects in all major energy markets.

About HARDT GROUP

HARDT GROUP is an institutionally focused, international Alternative
Investment group with focus on Hedge Funds, Private Equity, Real Estate and
Venture Capital. HARDT GROUP uses the deep expertise of its investment team
extensively in its project and transaction business. The firm also seeks to
partner with international co-investors who also have the specific knowledge
in managing venture capital for investments in commodities and industrial
companies. With offices in Vienna, New York, London and Zug. HARDT GROUP
currently advises in excess of USD 1 billion assets in Fund of Hedge Funds,
Private Equity and Direct Investments.