CITYVIEW CORPORATION LIMITED
Oil Refinery Acquisition And Funding Update
CVI - Update for Oil Refinery In West Africa - Mr Mark Smyth, CEO
Fri, 12 Sep 2008 03:15PM
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Mr Mark Smyth
Fri, 12 Sep 2008
03:15PM 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 , CEO, Executive Director
Mr Philip Rand , Non Exec. Director
Mr Wayne Reid , Non Exec. Director
Mr Mark Smyth , Company Secretary
Company Podcasts
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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Wed, 8 Apr 2009 12:00PM |
CVI - Confirmation of Legal Titles - Mr Mark Smyth, CEO |
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Wed, 11 Mar 2009 10:00AM |
CVI - Digging Deep - Mr Mark Smyth, CEO |
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Wed, 21 Jan 2009 11:30AM |
CVI - Relationship Settlement With Pensador - Mr Mark Smyth, CEO |
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Mon, 5 Jan 2009 01:15PM |
CVI - Additional Resolutions to EGM - Mr Mark Smyth, CEO |
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Tue, 25 Nov 2008 12:00PM |
CVI - Refinery Decision - Mr Mark Smyth, CEO |
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Mon, 10 Nov 2008 02:30PM |
CVI - Entitlement Issue - Mr Mark Smyth, CEO |
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Fri, 24 Oct 2008 11:00AM |
CVI - Appointment of Oil Industry Expert - Mr Mark Smyth, CEO |
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Tue, 7 Oct 2008 09:30AM |
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 12:15PM |
CVI - Angolan Mineral Concessions - Mr Mark Smyth, CEO |
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Thu, 20 Mar 2008 12:00PM |
CVI - Angolan Oil Permits, Alluvial Diamond Concessions - Mr Mark Smyth, CEO |
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Mon, 10 Mar 2008 09:00AM |
CVI - Shareholder Update - Mr Mark Smyth, CEO |
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Fri, 22 Feb 2008 09:15AM |
CVI - Technical Team to Angola - Mr Mark Smyth, CEO |
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Thu, 7 Feb 2008 02:45PM |
CVI - Longonjo Update - Mr Mark Smyth, CEO |
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Tue, 29 Jan 2008 02:30PM |
CVI - Angolan Diamond Projects - Mr Mark Smyth, CEO |
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| Fri, 29 May 2009 02:00PM 04:00AM Australia/WA |
Annual General Meeting Ground Floor Seminar Room, BGC Centre, 28 The Esplanade, Perth, WA
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| Thu, 11 Sep 2008 | Interim Results | ||
| Mon, 19 May 2008 12:00PM 02:00AM Australia/WA |
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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| Sun, 30 Mar 2008 11:00PM |
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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| Wed, 29 Mar 2006 11:00PM |
Full Year Results | ||
| Tue, 31 May 2005 10:00AM 12:00AM Australia/WA |
Annual General Meeting BGC Centre, 28 The Esplanade, Perth WA
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  Displaying 1-20 of 51 events
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CITYVIEW CORPORATION LIMITED (CVI)
| Update to Shareholders | Mon, 29 Jun 2009 |
| Changes to CityView Board | Mon, 29 Jun 2009 |
| Appendix 3Z | Mon, 29 Jun 2009 |
| Appendix 3X | Mon, 29 Jun 2009 |
| Chairmans Address June 09 | Mon, 29 Jun 2009 |
| S708A Placement Notice | Wed, 3 Jun 2009 |
| Appendix 3B | Wed, 3 Jun 2009 |
| Results of Meeting | Fri, 29 May 2009 |
| Update to Shareholders May 2009 | Mon, 25 May 2009 |
| S708 Notice | Mon, 25 May 2009 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH MARK SMYTH, CHIEF EXECUTIVE OFFICER OF CITIVIEW CORPORATION LIMITED (CVI)
“Update for Oil Refinery in West Africa”
http://www.brr.com.au/event/51516
FRIDAY, SEPTEMBER 12, 2008, 3:15 PM.
BRR Good afternoon and welcome to Boardroomradio. Today we’re talking with Mark Smyth, CEO at CitiView. Good afternoon, Mark, thanks for joining me
10 today
CVI Good afternoon, Tom.
BRR Mark, your announcement yesterday about acquiring your refinery is very significant. Can you give us some background information on how this arose?
15 CVI Tom, the West African Coast is a hot spot for the international oil industry. We spent a lot of time working out the best way for CitiView to participate in the phenomenal opportunities of this region. Onshore and offshore productions have great potential, but it takes ages to get one’s capital back. We started thinking that there must be a better way to have a (inaudible) (00:00:40) and
20 then the solution hit us like a thunderbolt. Where are the refineries? But then it appeared to be very many. Millions of barrels of crude oil are being produced every day. We’ve practically all of it being shipped overseas and the Africans having to buy back for refined products at phenomenal cost. The desperate need for refineries is so obvious that we couldn’t understand why
25 others weren’t doing it.
Anyway, having done our homework, we took the plunge and have secured a suitable refinery for West African crude oils. We must be on the right track as now everyone seems to want our refinery. We’ve done the transaction
30 through Hart Energy Group of Austria and that professionalism has been outstanding, and we’re looking forward to a long-term relationship with them.
BRR Mark, how long will it take before CitiView can generate cash flow from the refinery?
35 CVI Tom, as announced by the Hart Energy Group, it is anticipated that the refinery will be up and running by the first half of 2010. This is far quicker than relying on the cash flow from oil production. We’re living in interesting times through the thought that the 150-year-old bank like Lehman Brothers would implode. Cash is now king and their refinery is a great river of cash. We’ll
40 start with 50,000 barrels of oil per today, and then increase it to 100,000 barrels per day. Interestingly, we’ve already been asked if we can expand to 200,000 barrels of oil per day to meet the chronic shortage, however, one step at a time.
45 BRR Okay, and how have you arrived at a placement price of 20 cents per share when today’s market prices is half this figure?
CVI Tom, I believe that 20 cents is a very fair price. The price for the house report puts a value of over 40 cents on a CitiView share, and this does not include the refinery. Once all this market turmoil settles down, you’ll see the stock market rebound and 20 cents for CitiView share will be seen to be a bargain. The refinery, first of all, has to be approved by CitiView shareholders and the placement price must be a figure they agree with.
5 BRR Mark, thanks for speaking with me today.
Listeners that was Mark Smyth, CEO at CitiView. If you have any questions for Mark or you’d like some more information about this broadcast, please email at brr@brr.com.au. I’m Tom McKay. Thanks for listening to
10 Boardroomradio.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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