Flowing Energy Corporation

Flowing Energy Corporation

February 25, 2005 17:31 ET

Flowing Closes Sale of its Monitor Property


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FLOWING ENERGY CORPORATION

TSX SYMBOL: FLO

FEBRUARY 25, 2005 - 17:31 ET

Flowing Closes Sale of its Monitor Property

CALGARY, ALBERTA--(CCNMatthews - Feb. 25, 2005) - Flowing Energy
Corporation (TSX:FLO) announces that it closed the previously announced
sale of all of its interest in the Monitor area of Alberta for gross
proceeds of $16.65 million.. The sale had an effective date of January
1, 2005. The sale included Flowing's 100% working interest gas
processing facility, sales and gathering pipeline, undeveloped land and
proprietary seismic data. Proceeds were used to discharge Flowing's $2.5
million Monitor gas plant capital lease, with the balance applied to
bank debt.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Flowing Energy Corporation
    Robert Bowman
    President & CEO
    (403) 777-4282
    (403) 543-9638 (FAX)
    Email: info@flowingonline.com
    or
    Flowing Energy Corporation
    Robert Kraft
    Chief Financial Officer
    (403) 777-4282
    (403) 543-9638 (FAX)
    Email: info@flowingonline.com