Message #10 From:
NewsBot Date: March 15, 2007 06:18:00 AM
CTVWF News CityView Signs Definitive Agreement on Indonesian Joint Venture: LPG Production
PERTH, Australia--(BUSINESS WIRE)--CityView Corporation Ltd. (OTCBB:CTVWF)(ASX:CVI)(FWB:C4Z), is pleased to announce it has concluded an agreement with PT Mitra Energy Development, an Indonesian company, to produce liquefied petroleum gas (“LPG”) in Indonesia. Demand for LPG is strong as the country is changing from kerosene to LPG. CityView will be assisted in this proposed venture by Quest Energy Middle East Limited which has, through its associates, considerable experience in LPG production.
The first step will be to form an Indonesian operating company which will negotiate with Pertamina for access to a gas supply.
About CityView Corp.
CityView Corporation Ltd. is an exploration and development company. It is management's objective to grow CityView into a significant uranium, 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
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
