3/31/2015 - 11:47 AM EST - Canada Energy Partners Inc. : announced a new strategic initiative for the Company. For three years, the Company has been researching and designing a cavitation tool that can excavate cavities in subsurface coal seams for the dual purpose of producing commercial quantities of coal via a wellbore and stimulating the production of natural gas from coal seams. Cavitation completions have been very effective in basins where it has been successfully applied. But currently depressed natural gas and metallurgical coal prices have precluded advancing this initiative at this time. The Company has applied for patents covering its technology. Canada Energy Partners Inc.
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