BRIEF-Canada Energy Partners announces sale of gas plant and equipment

Fri Apr 8, 2016 12:18pm EDT
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April 8 (Reuters) - Canada Energy Partners Inc :

* Canada Energy Partners announces strategic focus, expands treasury through sale of gas plant and equipment

* Intends to pursue business opportunities with companies that own proven resource deposits

* Believes it has financial capacity to achieve its near-term objectives to advance jet cavitation tool

* Company has sold Peace River gas plant and associated equipment, bringing $550,000 to company's treasury

* To reduce carrying costs, company will proceed to plug and abandon Peace River CBM field Source text for Eikon: Further company coverage: