Brief: Canada Energy Partners announces sale of gas plant and equipment

Canada Energy Partners

08/04/2016 12:30

April 8 (Reuters) - Canada Energy Partners Inc  CE.V : 
    * Canada Energy Partners announces strategic focus, expands 
treasury through sale of gas plant and equipment 
    * Intends to pursue business opportunities with companies 
that own proven resource deposits 
    * Believes it has financial capacity to achieve its 
near-term objectives to advance jet cavitation tool 
    * Company has sold Peace River gas plant and associated 
equipment, bringing $550,000 to company's treasury 
    * To reduce carrying costs, company will proceed to plug and 
abandon Peace River CBM field 
 
Source text for Eikon:  ID:nCCN3T7Byg  
Further company coverage:  CE.V  
 
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