Changfeng Energy Inc.
TSX VENTURE : CFY

Changfeng Energy Inc.

December 08, 2009 12:02 ET

Changfeng Announces the Completion of the Construction of Its First CNG Filling Station

TORONTO, ONTARIO--(Marketwire - Dec. 8, 2009) - Changfeng Energy Inc. ("Changfeng")(TSX VENTURE:CFY), a China based natural gas distributor, is pleased to announce that it first CNG filling station in Changsha, the capital city of Hunan Province has been completed and is scheduled to commence operations in January 2010. This CNG filling station will have a daily capacity of 15,000M3 and is expected to reach this run rate after 10 months of operation. The gas supply for this CNG filling station ,as previously disclosed, was secured by a contract entered into by Hunan CNPC New Energy Investment, a company controlled by Changfeng, and Hunan CNPC Pipeline Gas Co. Ltd., an arm's length corporation, to purchase up to 11 million M3 of CNG a year until September 12, 2027.

A further three of the first group of CNG gas stations are going through the government's final approval.

About Changfeng Energy Inc.

Changfeng is engaged in the design and construction of natural gas distribution networks and distribution of natural gas to commercial and residential customers in the greater Sanya City region of Hainan Province, China. The Company is headquartered in Toronto, Ontario and its shares trade on the TSX Venture Exchange.

This press release contains forward looking statements based on current expectations. These forward looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward looking statements. Risks and uncertainties about Changfeng's business are more fully discussed in the Company's disclosure materials, including its information circular and MD&A, filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars except for noted otherwise.

This press release contains forward-looking statements based on current expectations. These forward-looking statements entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking statements. Risks and uncertainties about Changfeng's business are more fully discussed in the Company's disclosure materials, including its information circular and MD&A, filed with the securities regulatory authorities in Canada. All amounts are stated in Canadian dollars except for noted otherwise.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Contact Information

  • Changfeng Energy Inc.
    Ann Lin
    Corporate Secretary
    416-362-5032
    or
    Changfeng Energy Inc.
    Graham Warren
    Chief Financial Officer
    416-362-5032