CE Canada Energy Partners Inc

Canada Energy Partners Inc. ("Canada Energy" or the "Company") (TSX VENTURE:CE)
is pleased to announce that completion operations have started on the Portage
3-12-82-26, the second horizontal Montney well located on its Peace River
Project in northeast British Columbia, approximately 2 miles east of the c-20-e
well location.


The Portage 3-12-82-26 was drilled horizontally in the Upper Montney formation
with a horizontal displacement of 1,750 meters and a measured lateral length of
1,862 meters within the Montney formation. The Company's first horizontal
Montney well c-20-e had a 1,000-meter horizontal displacement.


The Company has 42 net sections of Montney rights in northeast British Columbia,
representing 168 potential net Montney drilling locations.


Canada Energy owns a 50% interest in the Peace River gas plant and connection to
the Spectra Energy sales pipeline which would be available to bring this Montney
gas to market.


Canada Energy is carried by its joint venture partner through the next
approximately $8 million of joint exploration expenditures. Canada Energy will
have a 50% working interest in the deep rights at Peace River upon the Joint
Venture Partner completion of its earn-in obligations.


On behalf of the Board of Directors of Canada Energy Partners Inc.

John Proust, Chairman

Forward Looking Statements: This news release contains forward looking
statements relating to expected or anticipated flow rates, timing for drilling
and completion operations, future events and operations, number of wells to be
drilled, timing of projects and anticipated results that are forward looking in
nature and, as a result, are subject to certain risks and uncertainties, such as
general economic, market and business conditions, the regulatory process and
actions, technical issues, new legislation, competitive and general economic
factors and conditions, the uncertainties resulting from potential delays or
changes in plans, the occurrence of unexpected events, and the company's
capability to execute and implement future plans. Actual results achieved may
vary from the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors. There is no representation by
the company that actual results achieved during the forecast period will be the
same in whole or in part as that forecast.

Canada Energy Partners (TSXV:CE)
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