CITYVIEW CORPORATION LIMITED
CityView Acquires Oil Refinery
CVI - CityView To Acquire Crude Oil Refinery For Installation In West Africa - Mr Mark Smyth, CEO
Mon, 18 Aug 2008 02:00PM
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Mr Mark Smyth
Mon, 18 Aug 2008
02:00PM Australia/NSW
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CITYVIEW CORPORATION LIMITED (CVI)
ASX code: CVI
Website: http://www.cityviewcorp.com
Industry: Energy
Principal Activities:
Oil and gas.
Address:
28 The Esplanade, BGC Centre, Level 9
PERTH
WA
Phone: (08) 9226 4788
Fax: (08) 9226 4799
Executives & Directors
Mr Manuel Africano , Non Exec. Chairman
Mr Mark Smyth , Executive Director, CEO
Mr Robbie Brothers , Non Exec. Director
Mr Philip Rand , Non Exec. Director
Mr Wayne Reid , Non Exec. Director
Mr Paul Williams , Company Secretary
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Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
CITYVIEW CORPORATION LIMITED (CVI) Events
| Company (Stock Code) | Date/Time | Event | Timezone: Australia/NSW |
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Mon, 10 Nov 2008 03:30PM |
CVI - Entitlement Issue - Mr Mark Smyth, CEO |
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Fri, 24 Oct 2008 12:00PM |
CVI - Appointment of Oil Industry Expert - Mr Mark Smyth, CEO |
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Tue, 7 Oct 2008 10:30AM |
CVI - Revision of Strategy - Mr Mark Smyth, CEO |
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Fri, 12 Sep 2008 03:15PM |
CVI - Update for Oil Refinery In West Africa - Mr Mark Smyth, CEO |
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Mon, 18 Aug 2008 02:00PM |
CVI - CityView To Acquire Crude Oil Refinery For Installation In West Africa - Mr Mark Smyth, CEO |
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Fri, 8 Aug 2008 02:45PM |
CVI - Joint Venture Project With Enditrade - Mr Mark Smyth, CEO |
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Thu, 19 Jun 2008 10:00AM |
CVI - Update to Shareholders - Mr Mark Smyth, CEO |
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Mon, 19 May 2008 10:50AM |
CVI - US$1.1 Billion Project Funding - Mr Mark Smyth, CEO |
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Wed, 9 Apr 2008 02:25PM |
CVI - West Africa: Accumulating the Commodity Portfolio - Mr Mark Smyth, CEO |
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Fri, 28 Mar 2008 01:15PM |
CVI - Angolan Mineral Concessions - Mr Mark Smyth, CEO |
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Thu, 20 Mar 2008 01:00PM |
CVI - Angolan Oil Permits, Alluvial Diamond Concessions - Mr Mark Smyth, CEO |
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Mon, 10 Mar 2008 10:00AM |
CVI - Shareholder Update - Mr Mark Smyth, CEO |
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Fri, 22 Feb 2008 10:15AM |
CVI - Technical Team to Angola - Mr Mark Smyth, CEO |
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Thu, 7 Feb 2008 03:45PM |
CVI - Longonjo Update - Mr Mark Smyth, CEO |
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Tue, 29 Jan 2008 03:30PM |
CVI - Angolan Diamond Projects - Mr Mark Smyth, CEO |
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Mon, 21 Jan 2008 02:15PM |
CVI - Quest Energy Middle East - Mr Mark Smyth, CEO |
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Thu, 17 Jan 2008 02:45PM |
CVI - Increased Shareholding in Fortitude - Mr Mark Smyth, CEO |
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Mon, 14 Jan 2008 03:45PM |
CVI - Kwanza Basin Funding Facility - Mr Mark Smyth, CEO |
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Fri, 4 Jan 2008 11:30AM |
CVI - Kwanza Basin/Longonjo Update - Mr Mark Smyth, CEO |
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Fri, 21 Dec 2007 01:00PM |
CVI - Update to Shareholders - Mr Mark Smyth, CEO |
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| Thu, 11 Sep 2008 | Interim Results | ||
| Mon, 19 May 2008 12:00PM 10:00AM Australia/West |
Annual General Meeting Seminar Room, Ground Floor, BGC Centre, 28 The Esplanade, Perth, WA
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| Thu, 10 Apr 2008 10:00AM |
EGM BGC Centre, 28 The Esplanade, Perth, WA
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| Mon, 31 Mar 2008 | Full Year Results | ||
| Mon, 22 Oct 2007 | EGM | ||
| Fri, 4 May 2007 10:00AM |
Annual General Meeting 28 The Esplanade Perth WA
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| Wed, 28 Mar 2007 | Full Year Results | ||
| Fri, 25 Aug 2006 | Interim Results | ||
| Fri, 19 May 2006 10:00AM |
Annual General Meeting The Seminar Room, Level 6, BGC Centre, 28 The Esplanade Perth WA 6000
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| Thu, 30 Mar 2006 | Full Year Results | ||
| Tue, 31 May 2005 10:00AM 08:00AM Australia/West |
Annual General Meeting BGC Centre, 28 The Esplanade, Perth WA
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  Displaying 1-20 of 45 events
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CITYVIEW CORPORATION LIMITED (CVI)
| CityView Offer Document to Shareholders | Fri, 21 Nov 2008 |
| S708AA Notice re Placement | Fri, 21 Nov 2008 |
| Update to Shareholders | Wed, 19 Nov 2008 |
| Appendix 3B | Tue, 18 Nov 2008 |
| Chairmans address to shareholders | Wed, 12 Nov 2008 |
| Clarification re Entitlements Issue | Wed, 12 Nov 2008 |
| Letter to Securityholders regarding Entitlement Issue | Tue, 11 Nov 2008 |
| Broadcast re Entitlement Issue | Mon, 10 Nov 2008 |
| Entitlements Issue | Fri, 7 Nov 2008 |
| Appendix 3B | Fri, 7 Nov 2008 |
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INTERVIEW WITH MARK SMYTH, CHIEF EXECUTIVE OFFICER OF CITYVIEW CORPORATION LIMITED (CVI)
“CityView Acquires Oil Refinery”
http://www.brr.com.au/event/49524
MONDAY, AUGUST 18, 2008, 2:00 PM.
BRR Good afternoon and welcome to Boardroom Radio. Today, we are speaking with Mr. Mark Smyth, Executive Director and CEO of CityView Corporation
10 Limited. Thanks for joining us today, Mark.
CVI Greetings, Eddie.
BRR Mark, we see you have made an announcement today relating to CityView's acquisition of a refinery. Can you tell us a bit more about this?
15 CVI Eddie, we have already stated that part of our roadmap is to construct and commission a 100,000 barrels of oil per day refinery in West Africa with a guaranteed oil supply and offtake of the refined products. Today's announcement shows that we are moving forward in fulfilling this objective. Initially, we will start small with 50,000 barrels of oil per day and then build it
20 up to the required 100,000 barrels of oil per day with further expansions later on. The lack of a refinery capacity in West Africa and Southern Africa is chronic and this situation is forecasted to continue. Much of the fuel consumed in West Africa has to be imported from Europe, resulting in refined products to be in short supply and very expensive. CityView’s refinery will
25 help to alleviate the situation, and of course, this will generate a strong cash flow for the shareholders. One further point, Eddie, I have been asked why the refinery will be acquired in the name of CityView rather than Pensador. The answer is very simple. We want to avoid confusion in Africa. As you know, Pensador is a funding vehicle which will be acquired by CityView. The
30 Africans are not interested in the semantics. They just want to know who will be the owner. The funding will, of course, still come from the sources already organized by Pensador. There is no change in the overall Pensador funding plan.
35 BRR Mark, does the recent fall in commodity prices impact on CityView in any way?
CVI The answer is that it has no impact at all. When you say that prices have fallen, it should be noted that they have come back from an all-time high. Even though they have fallen, they are still extremely high. There is an
40 unprecedented demand for commodities from the new middle class which is being created at a rapid pace. It is estimated that each year around the world, over 75 million people are entering the new middle class category of incomes between $6,000 and $30,000, and this situation will continue for many years. Millions of newly wealthy people are being created in Asia and the Middle
45 East and Eastern Europe and Latin America. This unprecedented massive rise of a new middle class will ensure continued strong demand for all commodities.
BRR Just lastly, Mark, what is the next step on CityView's roadmap?
CVI The answer is, of course, the completion of Pensador's funding of the projects. This is what everyone is waiting for. It is not easy to get financiers to focus in August. They are all enjoying their summer holidays in the Mediterranean or in the Hamptons. However, they will be back in action in
5 September and there will be a major push to get this whole financing closed off.
BRR Mark, certainly some promising news coming out of CityView there. We thank you for your time and we look forward to speaking to you soon.
10 CVI Thank you, Eddie.
BRR That was Mark Smyth, Executive Director and CEO of CityView Corporation Limited. If you have any questions about this broadcast or any other broadcast, please feel free to contact us on brr@brr.com.au. I am Eddie
15 (Inaudible) (0:03:47) and thank you for listening to Boardroom Radio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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