County Line Energy Corp

BP's Planned Heavy Crude Refinery Raises Prospects for County Line Energy Corp and Other Canadian Producers

    Calgary, Canada (ots/PRNewswire) - County Line Energy Corp. (Pink Sheets: CLYC) President, Harry Bygdnes  announced today that the future market for the heavy crude the company is  expected to produce has improved dramatically with the recent announcement  that oil giant BP (NYSE: BP) plans to invest US$3 Billion in a processing plant in Indiana to begin refining Canadian heavy crude oil into gasoline  for the US market -

    http://www.bp.com/genericarticle.do?categoryId=2012968&contentId=7 022964.

    "The rest of the world is just starting to realise what pioneers in the  Canadian oil industry have known for some time now. The oil sands and heavy  oil deposits of Alberta, where County Line Energy is based, holds one of,  if not the largest petroleum reserves in the world. The major investments  over the past couple of years by world leaders like BP, Conoco-Philips and  Shell prove that there is an enormous amount of wealth held within the  oilfields of Northwest Canada and every major player in the petroleum  industry is now scrambling to get a piece of the action. Fortunately,  County Line Energy has already secured the rights to what we hope will  prove to be a major producing oil field in one of the most promising  regions of Alberta. BP's planned refinery is just one more validation that our targeting of heavy oil properties will be supported by long-term markets," says Harry Bygdnes, President, County Line Energy Corp.

    "The technologies to extract the petroleum from the oil sands and heavy  oil extraction techniques have advanced tremendously over the past few  years. With key components ranging from extraction to transportation and  refining all lining up, E&P companies with established footholds in the  heavy oil production potential like County Line Energy hold what should be  a very bright future," continues Bygdnes.

    County Line Energy is currently focusing its efforts on several oil and  gas prospects in East Central Alberta in an area of prolific heavy oil  production. The company's initial prospects consist of a significant heavy  oil exploration program near Hayter, Alberta. This prospect represents a  potential multi-well drilling program possibly totaling 20-25 shallow wells.  Well log information and previous 2D seismic data indicate that a  structure containing up to 60,000,000 barrels of heavy oil may exist on the  property that County Line Energy is in the process of developing.

    The company is immediately initiating a 119 kilometer 3D seismic program over this property to determine prospective drilling locations.

    The statements contained in this news release that are not historical  facts may be statements regarding the Company's future that involve risks  and uncertainties which could cause actual results to differ materially  from those currently anticipated. For example, statements that describe the  Company's hopes, plans, objectives, goals, intentions or expectations are  all forward looking statements. Any such statements made herein about the Company's future are only made as of the date of this news release. Numerous factors, many of which are beyond the Company's control, may affect actual results. The Company undertakes no obligation to publicly  update such forward looking statements to reflect subsequent events or  circumstances.

ots Originaltext: County Line Energy Corp
Im Internet recherchierbar: http://www.presseportal.ch

Contact:
For further information: Harry Bygdnes, President and CEO, County
Line Energy Corp, +1-604-250-1033



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