CityView Appoints Petroleum Expert.PERTH, Australia Perth may refer to:
See OTC Bulletin Board (OTCBB). :CTVWF)(ASX ASX See: Australian Stock Exchange :CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute )(FWB (Fixed Wireless Broadband) See fixed wireless. :C4Z), is founding an Advisory Board of professional experts to assist the Company in achieving its strategic objectives. CityView is pleased to announce that Mr. Conrad Maher has agreed to become the Chairman of the Advisory Board. Mr. Maher, who is based in California, has extensive experience in Production Geology, Exploration Geology and Petroleum Engineering. He was Exploration Manager of Deminex Egypt Branch, responsible for a large exploration and appraisal drilling programme with up to seven active drilling rigs. He then became Chief Production Geologist Occidental Petroleum Occidental Petroleum Corporation ("Oxy") NYSE: OXY is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. (Caledonia) Inc. and supervised the production geology team which developed the Scapa field and played a key role in a 400+ million barrel increase in the reserves for the Piper and Claymore fields. Mr. Maher's initial task for CityView is to analyse the Gulf Oil USA data from the North Matanda oilfield PH72 Cameroon in which CityView has acquired the right to take up a net 20% interest. Gulf Oil discovered condensate in two wells in the North Matanda permit and have quoted the following reserves:
-- Proven 60 million barrels
-- Probable 120 million barrels
-- Possible 300 million barrels.
Condensate prices from this region historically trade at a
premium of US$3 to the price of Brent crude oil and currently
exceed US$75 per barrel.
Mr. Maher has been commissioned to bring the two discovery wells into production and organize the infrastructure for the delivery of the condensate and the gas. Mr. Maher's additional task for CityView is to select the most prospective permits in the onshore Kwanza Basin currently being offered to CityView. Extensive discussions were held earlier this month in Angola, with CityView's co-venturer Nexoil Corporation, in order to determine which onshore concessions would be suitable. CityView's Chief Executive Officer, Mr. Mark Smyth Mark Smyth, (born 9 January 1985 in Liverpool) is an English football midfield player who started his career playing for Liverpool. Smyth made one appearance for Liverpool, coming on as a substitute in a Carling Cup quarter final win at Tottenham in December 2004. said, "Mr. Maher's extensive industry experience and input into the selection process will be invaluable in ensuring that CityView is given the best opportunity to position itself as a major player in one of the world's most sought after and prospective oil provinces." About CityView Corporation City View Corporation Ltd. is an exploration and development company. It is managements' objective to grow CityView into a significant uranium, beryllium beryllium (bərĭl`ēəm) [from beryl ], metallic chemical element; symbol Be; at. no. 4; at. wt. 9.01218; m.p. about 1,278°C;; b.p. 2,970°C; (estimated); sp. gr. 1.85 at 20°C;; valence +2. , oil and gas project by developing its interest in Angola. The company trades on the OTCBB market under the symbol "CTVWF" and on the Australian Exchange under the symbol "CVI". For more information please visit the company's web site at: www.cityviewcorp.com Forward-Looking Statements This news release includes comments that may be deemed forward-looking within the meaning of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the U.S. Federal Securities Laws. These include, among other things, statements about expectations of future transactions or events, revenues, and performance. Forward-looking statements are subject to risk and uncertainties that may cause the company's results to differ materially from expectations. These risks include the company's ability to complete transactions which remain subject to a due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. review, obtaining any regulatory approvals, having necessary financing in time to meet contractual obligations, developing appropriate strategic alliances, raising working capital, building a functional infrastructure, and other such risks as the company may identify from time to time. Accordingly, there is no certainty that the company's plans will be achieved. |
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