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Compass Venture Inc T.CVI.A


Primary Symbol: V.CVI.P

Compass Venture Inc. is a capital pool company. The principal business of the Company is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction. The Company has no assets and has not generated any revenues.


TSXV:CVI.P - Post by User

Comment by OccupyThison Jan 30, 2014 1:03pm
195 Views
Post# 22153803

RE:RE:RE:RE:RE:RE:RE:No buybacks the last few days...

RE:RE:RE:RE:RE:RE:RE:No buybacks the last few days...
Translation:

Hadramout Press / special

Said the source works for a company Calvalley working oil sector 9 West Wadi Hadhramaut arrest all oil operations, including production in the sector 9 your prerogative oil company Canadian citizenship (Calvalley) The source said that the company notified all local contractors to arrest fully working in all fields produced (Asim, Chroj Bader, Alrweidat, smoothness) and confirmed an official source responsible in the valley of Hadramout confirmed that the company asked the general managers of my superintendent: Valley of the eye and Hura, and Haridh as well as the Director General of the Office of the Ministry of Oil and Mineral Resources in Wadi Hadramout of the meeting on Monday to the company's head office in Sana'a , the same sources suggested the nature of the meeting to discuss ways to lift the Alhsarmufrod by the NATO tribes Hadramout which suffer from the company since the launch of the donation, which called her tribes Hadramout and Alentmthelh imposing a blockade on oil companies operating in the general areas and valleys and plateaus of Hadramout.

The oil production of the company stood at Ami 2009.2010 m about 12 000 barrels per day while production fell from 2012 to 2013 to about seven thousand barrels per day, where you are moving across the fleet of locomotives follows the company Alhthele working on two shifts to the pelvis synthesis in Plateau gas is then pumped through the pipeline to the port of quasi

This launched the company Calvalley Canadian actual production in the sector 9 area owner Hadramout in July 2007, after finished Chtaibadtha final and on the pilot phase of the sector 9 Hadramout which was produced by about 6 thousand barrels per day, with only that launched the actual had a production capacity of 10 thousand barrels per day
The company said on its website that the initial surveys indicate the presence of oil reserves estimated three billion barrels of oil. Calvalley announced update of its operations in the operation of the block number (9) in Yemen, which has the largest share of the total (50%) is the operator of the block number (9) in the framework of a production sharing agreement with the Yemeni government.
The company is exploring a large area estimated at (2.234) km in the basin (bad - liquefied gas), which has not been explored in which only a small area so far.
 

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