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CWOI SEC Suspension:
http://www.sec.gov/litigation/suspensions/2012/34-67638.pdf
ORDER:
http://www.sec.gov/litigation/suspensions/2012/34-67638-o.pdf
ADMIN Proceeding:
http://www.sec.gov/litigation/admin/2012/34-67637.pdf
Crown Oil & Gas Appoints New Directors
| 10:35 AM |
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68876154
Crown Oil & Gas Reorganizes Local Operations
Crown Oil & Gas Inc. (“Crown” or the “Company”) (Pink Sheets: CWOI) is pleased to announce that it has entered into a strategic partnership agreement with SWPD Holding Limited (“SWPD”) for provision of management consulting and exploration activity supervision.
SWPD Holding Limited is a Russian oilfield management service company staffed with professionals highly experienced in working for major oil and gas companies in different regions of Russia, including the Saratov region. Combined with CEO Kairat Sydykov’s over 30 years of international experience, most recently as Director of Seismic Technology with TNK-BP, Crown Oil & Gas will have a well-established and dynamic local management team implementing its strategy in Russia without creating a large in-house organization.
Operational Summary
Crown Oil and Gas’ operations under the Company’s licenses began in 2008. Over 1,400 km of High Density 2D seismic surveys were acquired from 2008 – 2010 in the license blocks. 509 km were in the Tereshkinsky block, 783 km in Kikinsko-Gusikhinsky and 152 km in Krasnoarmeisky-2. By the end of 2010, total expenditures of the Company reached over US$14 million, delivering the following results:
Kikinsko-Gusikhinsky block – acquired exploration and production license and mapped 7 oil-potential prospects, 2 of which are being prepared for exploration drilling
Tereshkinsky block – acquired exploration and production license and mapped 7 oil-potential prospects, 2 of which are being prepared for exploration drilling
Krasnoarmeisky-2 block – acquired exploration and production license and identified 12 leads, to be additionally covered with more seismic surveys
Recently appointed CEO Kairat Sydykov said, “SWPD will strengthen our local operational capabilities. I am confident that the changes undertaken will contribute to Crown successfully implementing our objectives and I look forward to establishing better communications between Crown and its Shareholders.”
Crown Oil and Gas Inc. is an independent oil and gas company focused on enhancing shareholder value by acquiring and developing oil and gas assets in Russia. Crown holds, through its subsidiaries, exploration and development licenses located in the Saratov region of Russia, one of the major oil and gas regions in the country with advanced infrastructure and more than 60 years history of oil and gas production. Saratov lies in the European part of Russia on the border with Kazakhstan, the largest producing country in Central Asia. Crown’s licensed areas comprise approximately 2,000 km2.
Seems like something is happening here. Not very into Russian oil but this could have merits.
Seems like good things are happening here. Would like to know what plans are for I/R??
CWOI FORM 8-K
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5548819</a>" target="_blank">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5548819">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5548819</a>
Thursday, March 20 2008 3:56 PM, EST
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Crown Closes US$5.05 Million Private Placement
Market Wire "US Press Releases "
SEATTLE, WA -- (MARKET WIRE) -- 03/20/08 -- Crown Oil and Gas Inc. (OTCBB: CWOI) (the "Company") is pleased to announce that on March 17, 2008, the Company closed an offering, by way of private placement, of 5,050,000 units at a purchase price of US$1.00 per unit, raising gross proceeds of US$5,050,000. Each unit consists of one common share and one common share purchase warrant exercisable at $1.50 per share during the first year after the closing of the offering and at US$2.00 per share during the second year.
The securities offered in the private placement were not registered under the Securities Act of 1933 as amended (the "Act"), and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Act.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Distributed by Filing Services Canada and retransmitted by Marketwire
For further information, please contact:
Investor Relations
John Hiner
President
(206) 224-7975
it looks like to me that this company is in the process of coming out with their plans, i was not able to find what or where they plan on exploring or acquiring but suffice it to say the ceo has a nice resume.
and this is the nature of the speculation play here, i like you am waiting to find out what their plans are if you find anything futher out please bring it to this board thanks
Where does the company have holdings?? Anyone have any idea about program or reserves estimate?
oops, forgot that part as well....
Or speed and then patience,lol
about dang time $treet...lol...it's always patience, and then speed
same here berge,
gotta a feeling things will change soon:)
been watching and waiting
Expecting something soon here berge
I haven't seen a share trade on this since I've been watching it. ...about a month or so
CWOI FORM 10-KSB
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5536156</a>" target="_blank">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5536156">http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5536156</a>
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