XPL Canadian Energy Exploration Inc.

Canadian Energy Exploration Inc. (TSX VENTURE:XPL) - 

As previously announced by the Company (see press release dated November 29,
2010) the Company has spudded its first of three exploratory test wells in the
Hardy/Minton area of southeast Saskatchewan at CEEI Hardy South 5-27-4-21W2M.
Further the Company has cased this well, released the drilling rig, is
proceeding to complete this well and anticipates swab results over the next 2
weeks.


Other than pending completion results from its first exploratory earning well,
the Company is not aware of any new information that would lead it to determine
any changes in its operations or plans. The Company has proceeded to licence 3
more exploratory well locations, including a twin to the current location, all
in an effort to provide the Company with the maximum flexibility to determine
its next steps and finalize earning under the previously announced September 28,
2010 Seismic Review and Option Agreement (see press release dated October 21,
2010.)


About Canadian Energy Exploration Inc. 

Canadian Energy Exploration Inc. is a junior oil and gas company engaged in the
exploration for and development and production of oil and natural gas reserves
in Western Canada. The Company's common shares trade on the TSX Venture Exchange
under the symbol "XPL".


Advisory

Certain statements and information contained in this press release, including
but not limited to statements regarding including statements regarding Canadian
Energy's business, such as well results, contain forward-looking statements. All
statements other than statements of historical fact may be forward looking
statements. These statements, by their nature, are subject to numerous risks and
uncertainties, some of which are beyond Canadian Energy's control including the
effect of general economic conditions, industry conditions, changes in
regulatory and taxation regimes, volatility of commodity prices, escalation of
operating and capital costs, currency fluctuations, the availability of
services, imprecision of reserve estimates, geological, technical, drilling and
processing problems, environmental risks, weather, the lack of availability of
qualified personnel or management, stock market volatility, the ability to
access sufficient capital from internal and external sources and competition
from other industry participants for, among other things, capital, services,
acquisitions of reserves, undeveloped lands and skilled personnel that may cause
actual results or events to differ materially from those anticipated in the
forward looking statements. Such forward-looking statements, although considered
reasonable by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated in the
statements made and should not unduly be relied on. These statements speak only
as of the date of this press release. Canadian Energy does not intend and does
not assume any obligation to update these forward-looking statements, whether as
a result of new information, future events or otherwise, except as required by
applicable law. Canadian Energy's business is subject to various risks that are
discussed in its filings on the System for Electronic Document Analysis and
Retrieval (SEDAR).

Grafico Azioni Canadian Energy Exploration Inc. (TSXV:XPL)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Canadian Energy Exploration Inc. (TSXV:XPL)
Storico
Da Giu 2023 a Giu 2024