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This site is being set up in order to help all interested in CanWest Petroleum Corporation (CWPC) access information that we can find. This company is currently engaged in the exploration of Tar Sands in Saskatchewan, Canada just East of Fort McMurray and the McMurray formation. The company has the largest land holdings of any tar sands play mainly through its Firebag East claim held by its majority owned subsidiary, OilSandsQuest. The company itself also has a claim in Alberta known as Eagles Nest. While drilling is currently underway at Firebag East, the company has delayed its drill program at Eagles Nest in order to focus solely on Firebag East. Also, the company has a 90% interest in Pasquia Hills which is an oil shale project. It is important to note that Nova Chemicals (NCX) owns a 10% interest in this claim and has an agreement to purchase all of the output to use at its facilities. Rumor has it that drilling is underway (CWPC cannot comment as they are not the operator...NCX is), but this is an old rumor and has not been substantiated yet.

Although we are personally still positive in our accounts with our holdings of CanWest we understand that the stock has ended up even or down for many holders. We view this as a market shakedown of weak investors and fully expect to be moving again once the news flow picks up. This should be accomplished starting in August with the move to the American Stock Exchange as well as the special shareholders meeting for OilSandsQuest to be held August 14 at 10 AM. After the move to the AMEX the underwriters for the recent offering should issue buy recommendations for CWPC giving the stock some positive exposure in its early days on a major exchange. The OilSandsQuest meeting on the 14th should also provide a boost as they will either that day or shortly thereafter announce the merger with CanWest.

This is not the whole story surrounding this stock, but we view it as a start. We hope to add much more information to the site as time goes by in order to better serve you. Also feel free to add any comments in the comment area and we will address as many as possible. Thank you.