FairWest Energy Provides Corporate Update

- April 15th, 2010

FairWest Energy Corporation (TSX VENTURE:FEC) reported the first quarter it advanced two initiatives that are designed to improve its working capital position, reduce secured and unsecured debt and eliminate the requirement to be governed by a forbearance agreement with its principal lender.

FairWest Energy Corporation (TSX VENTURE:FEC) reported the first quarter it advanced two initiatives that are designed to improve its working capital position, reduce secured and unsecured debt and eliminate the requirement to be governed by a forbearance agreement with its principal lender.

The press release is quoted as saying:

The improvement of the Company’s financial position will allow the Company to pursue its substantial inventory of optimization, recompletion, tie in and drilling prospects. FairWest (TSX VENTURE: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.

Click here to access the entire press release

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