RE: What other Oil Sands plays do you own?CWPC (CanWest Petroleum)
https://www.canwestpetroleum.com/s/Home.asp
CanWest Petroleum Corporation: Firebag East Athabasca Oil Sands Project-Drilling Progress Report
2006-01-13 14:52 ET - News Release
CALGARY, Alberta -- (Business Wire) -- Jan. 13, 2006
CanWest Petroleum Corporation (OTCBB:CWPC) is pleased
to report the initial core hole known as # 6 - 11 - 095 - 25W3 has
been drilled to total depth and intersected 18 meters (59 feet) of
bitumen bearing sands within the McMurrary formation. The core
recovery was greater than 90% and will be sent for analysis.
Hole #6 - 11 is located approximately 400 meters to the west of a
previously drilled hole known as #07 - 11 - 095 - 25W3 which also
cored bitumen from the Mc Murray formation.
The next several core holes will be drilled in the immediate area
which is located in the western central portion of the Company's
overall land position of 846,000 acres.
Weather permitting, the balance of the Phase One 25 hole program
may be completed on schedule. The company will report on the Phase
One Program from time to time as results are received. Also, the
company has completed its application to drill a further 125 core
holes, that will be submitted for government approval at this time.
CanWest Petroleum Corporation has the right to own a 71.3%
interest in Oilsands Quest, a private Alberta operating company that
has 100% of extensive acreage in the Canadian Athabasca Oil Sands
Region covering some 846,000 acres known as the Firebag East, which
is highly prospective for Athabasca bitumen. The Company also owns
100% of the 23,000 acre Eagle Nest Project with a known bitumen
resource of 3.4 billion barrels in place. In addition, the Company
owns 98% of the Pasquia Hills oil shale project with a fully risked
resource of 2.4 billion barrels shale oil that grades 7.5% kerogen by
weight of which 59% are aromatics including benzenes and naphtha's
suitable for petro chemical feed stocks.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained
herein, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties,
including but not limited to economic, competitive, governmental and
technological factors effecting the Company's operations, markets,
products and prices and other factors discussed in the Company's
various filings with the Securities and Exchange Commission.