Crude Oil Tar Sand Companies

[NYBob]

Oilsands Quest - a subsidiary of CanWest Petroleum -



CanWest Petroleum Announces Purchase of Gross Overriding Royalty -
Wednesday August 16, 7:48 am ET
CALGARY, ALBERTA--(MARKET WIRE)--Aug 16, 2006 --

CanWest Petroleum Corporation -
(OTC BB:CWPC.OB - News) -
announces that it has completed the purchase of the 2.5
percent gross overriding royalty on Oilsands Quest Inc.'s
permit lands in Saskatchewan for $20,000,000 Cdn
(including the original option payment of $1,250,000).

Oilsands Quest is a subsidiary of CanWest Petroleum.


"The purchase of this encumbrance on the Oilsands Quest
permit lands was an important strategic step in
CanWest Petroleum's long-term development plans
for the lands," said T. Murray Wilson, Executive Chairman
of CanWest Petroleum.

The purchase was funded primarily by the previously
announced private placement of CanWest Petroleum common
shares.

http://biz.yahoo.com/iw/060816/0154646.html

http://www.investorshub.com/boards/board.asp?board_id=5409