CALGARY, April 7, 2015 /CNW/ - Calvalley Petroleum Inc. ("Calvalley" or the "Company") provides the following update for shareholders.
The Company and other third party shippers using the facilities at Block 18 have been advised by the Operator to suspend all crude oil shipments to the facility, until further notice, as a result of operational and capacity issues resulting from the current conditions in the Republic of Yemen.
As the period of this crude oil shipment restriction is currently unknown, the Company has commenced shutting down production operations for safety and security reasons.
Calvalley is an international oil and gas company, with offices in Calgary, Alberta, Canada, that operates its 50% working interest in Block 9 of the Masila Basin, in The Republic of Yemen.
SOURCE Calvalley Petroleum Inc.
For further information: [email protected] or +1 (403) 297-0490; Edmund Shimoon, Chairman and CEO; Gerry Elms, CFO