Seaview Energy Inc.

Seaview Energy Inc.

September 14, 2007 11:44 ET

Seaview Energy Inc. Files Preliminary Prospectus

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2007) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES.

Seaview Energy Inc. ("Seaview" or the "Company") is pleased to announce that it has filed a preliminary prospectus dated September 7, 2007 in connection with an initial public offering by the Company of a minimum of 10,000 Units and a maximum of 12,000 Units at a price of $1,000 per Unit for minimum aggregate gross proceeds of $10,000,000 and maximum aggregate gross proceeds of $12,000,000. Each Unit is comprised of 400 "flow-through" Class A Shares at $0.25 per share and 90 "flow-through" Class B Shares at $10.00 per share, which amounts, in the aggregate, will constitute flow-through funds. The initial public offering is expected to close on October 12, 2007, subject to postponement. Additional information in respect of Seaview and the offering is contained in the preliminary prospectus which is accessible on www.sedar.com.

Orion Securities Inc. is leading a syndicate of investment dealers including Blackmont Capital Inc., FirstEnergy Capital Corp. and Canaccord Capital Corporation.

The Board of Directors of the Company is composed of, Paul Colborne (Chairman), Daryl Gilbert, James Howe, Scott Oldale, Greg Turnbull, Steven VanSickle and Michael Wuetherick. Seaview's experienced management team includes Michael Wuetherick, President and Chief Executive Officer, Stephanie Bunch (Vice President, Finance and Chief Financial Officer), Scott Oldale (Vice President, Exploration and Chief Operating Officer), Tim Campbell (Vice President, Land), Davin Chandler (Vice President, Engineering) and Sanjib Gill (Corporate Secretary) All members of the management team have experience in successfully initiating and growing junior oil and gas companies.

Seaview is a Calgary, Alberta based company engaged in the exploration, development and production of conventional crude oil and natural gas reserves in Canada. The Company's strategy is to build shareholder value through a balance of exploration and development drilling complimented by a focused acquisition program. Seaview's initial core focus area will be the Peace River area of northwest Alberta.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction.

The Class A shares and Class B shares offered pursuant to the initial public offering will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States.

Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, anticipations, expectations, opinions, forecasts, projections, guidance or other similar statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Seaview Energy Inc.
    Michael Wuetherick
    President & CEO
    (403) 770-2961
    or
    Seaview Energy Inc.
    Stephanie Bunch
    VP - Finance & CFO
    (403) 770-9503
    or
    Seaview Energy Inc.
    Teresa Beets
    Investor Relations
    (403) 668-4492
    Email: info@seaviewenergy.com
    Website: www.seaviewenergy.com