Canada Energy to Explore for Montney Shale

Peace River Oil Sands
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Canada Energy Partners Inc. reported that it is implementing a Montney Shale exploration strategy on its lands in northeast British Columbia. The Company's land holdings include approximately 64 sections or 41,788 net acres of drilling licences with rights to the Doig/Montney Shale play in the Peace River area of northeast British Columbia. Recently released industry information reveals that the Montney play is yielding successful commercial results and that the Company's lands are located in the area prospective for the Montney formation. In light of these developments, the Company is implementing a strategy to explore for Montney Shale through strategic partnerships with experienced shale gas operators.

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