FairWest Energy Corporation
TSX : FEC

FairWest Energy Corporation

March 19, 2007 20:40 ET

FairWest Energy Corporation Announces Private Placement Offering of Up to 10,000,000 Flow Through Common Shares

CALGARY, ALBERTA--(CCNMatthews - March 19, 2007) - FairWest Energy Corporation ("FairWest") (TSX:FEC) is pleased to announce its intention to offer up to 10,000,000 flow through common shares at $0.50 per flow through common share. The proceeds of up to $5,000,000 will be expended on FairWest's exploration and development program during 2007 and 2008.

It is anticipated that the private placement will close on or prior to April 30, 2007.

FairWest Energy Corporation (TSX:FEC) is a Calgary, Alberta based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas in the provinces of Alberta and Saskatchewan.

Contact Information

  • FairWest Energy Corporation
    James G. Gettis
    President and Chief Executive Officer
    (403) 264-4949
    (403) 269-1761 (FAX)
    or
    FairWest Energy Corporation
    Marion D. Mackie
    Chief Financial Officer
    (403) 264-4949
    (403) 269-1761 (FAX)