CanWest Petroleum Company News

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Micron Acquires More Oil Sands Acreage
Micron Enviro Systems, Inc. said that it has added considerably to its Alberta Oil Sands assets by acquiring 50% of 2,530 contiguous acres in close proximity to the Shell/BlackRock (Seal) producing property.
7:00 PM EST | January 25, 2007
CanWest Begins Seismic Program in Northwest Saskatchewan
CanWest Petroleum has begun a seismic program on Oilsands Quest's permit lands in northwest Saskatchewan. The seismic program is part of Oilsands Quest's summer exploration activities and is expected to be completed within two weeks.
8:00 PM EST | October 11, 2006
CanWest Receives Bitumen Resources Report from Independent Geologists
CanWest Petroleum and its subsidiary, Oilsands Quest, have received the independent geological consultants' assessment of in-place volumes of bitumen in the area covered by Oilsands Quest's Phase I drilling program in northwest Saskatchewan.
8:00 PM EST | August 28, 2006
CanWest Petroleum Lists Common Stock on AMEX
The American Stock Exchange (Amex) listed the common shares of CanWest Petroleum Corporation, under the trading symbol BQI.
8:00 PM EST | August 23, 2006
CanWest Wins Nod from AMEX
The American Stock Exchange ("Amex") has approved the application by CanWest Petroleum Corporation (the "Company") for the listing of the Company's common stock on Amex under the trading symbol "BQI".
8:00 PM EST | August 17, 2006
CanWest Closes Private Placement
CanWest Petroleum Corporation reported Tuesday that it has completed a non-brokered private placement of 3.9 million common shares at a price per share of $3.80 US for aggregate gross proceeds of $14,820,000 US ($16,604,328 Cdn).
8:00 PM EST | August 14, 2006
CanWest Closes Combination with Oilsands Quest
CanWest Petroleum Corporation reported Tuesday that it has completed its combination transaction (the "Combination") with its subsidiary, Oilsands Quest Inc.
8:00 PM EST | August 14, 2006
CanWest, Oilsands Quest Estimate OPIB from Initial Drilling
CanWest Petroleum Corp. and Oilsands Quest Inc. have announced management's preliminary estimate of the original bitumen resources in place (OBIP) in an area covered by Oilsands Quest's Phase I drilling program in northwest Saskatchewan.
8:00 PM EST | July 06, 2006
CanWest to Issue Stock
CanWest Petroleum intends to issue shares of its common stock to investors in Canada on a flow-through basis.
8:00 PM EST | June 12, 2006
CanWest and Oilsands Quest to Merge
CanWest Petroleum Corporation and Oilsands Quest Inc. have entered into an agreement that provides for the combination of CanWest Petroleum and Oilsands Quest.
8:00 PM EST | June 11, 2006
CanWest Petroleum Says Firebag Deemed a 'Discovered Resource'
CanWest says that a review of the Firebag East coring program by the company's indpendent geoligic consultants will result in the bitumen resources being classified as "Discovered Resources".
8:00 PM EST | April 09, 2006
CanWest and Oilsands Launch Firebag East Program
CanWest Petroleum and Oilsands Quest have received regulatory approval to proceed with a 150-core hole drilling program known as Phase II on the Firebag East oil sands exploration permits in northwest Saskatchewan.
7:00 PM EST | March 16, 2006
CanWest Says Five Cores Drilled at Firebag East Oil Sands Project
CanWest Petroleum reports that five core holes have been completed to date with a sixth core hole not completed due to a loss of circulation and will be re-drilled later in the program.
7:00 PM EST | February 05, 2006
CanWest Petroleum Logs Pay at Firebag East Athabasca Oil Sands Project
CanWest Petroleum says the initial core hole known as # 6 - 11 - 095 - 25W3 has been drilled to total depth and intersected 18 meters (59 feet) of bitumen bearing sands within the McMurrary formation.
7:00 PM EST | January 12, 2006
CanWest Starts Core Drilling at Firebag East Oil Sands Project
CanWest Petroleum reports that core drilling has started on the Firebag East lands as of December 18. Prior to drilling, a 50-kilometer (31 miles) access road has been completed and a 32-man skid mounted camp facility at road end installed.
7:00 PM EST | December 19, 2005
Oilsands Quest has Received All Permits for the Firebag East Project
CanWest Petroleum reports that Oilsands Quest has received all permits from the Saskatchewan Government for the Firebag East Project.
7:00 PM EST | October 31, 2005
Oilsands Quest Receives Go-Ahead for 25-Hole Drilling Program
Oilsands Quest says that the Saskatchewan government has approved the Environmental Protection Plan for Oilsands Quest's initial 25 core-hole drilling program on its oil sands exploration permits.
8:00 PM EST | October 13, 2005
CanWest Plans Winter Drilling Program for Athabasca Oil Sands Acreage
CanWest was successful in its bid to purchase the 23,040-acre Eagle Nest Prospect, situated in the Athabasca Oil Sands in Alberta, Canada, for a cash price of USD 727,187.
8:00 PM EST | September 12, 2005
CanWest Acquires Significant Athabasca Oil Sand Parcel
CanWest Petroleum has acquired oil sands rights to the Eagle Nest prospect within the Atahbasca oil sands pay trend at at cost of US$727,187.
8:00 PM EST | August 24, 2005
CanWest to Begin Drilling at Firebag East Oil Sands
CanWest Petroleum expects to begin its exploration program on the Firebag East Property in late February 2005, which will include drilling 20 wells.
7:00 PM EST | February 02, 2005