BQI

[setravis]

Form 8-K for CANWEST PETROLEUM CORP


--------------------------------------------------------------------------------

19-May-2006

Change in Directors or Principal Officers

• CANWEST PETROLEUM CORP Files SEC form 8-K, Change in Directors or Principal Officers
EDGAR Online (Fri, May 19) 

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
On May 18, 2006, Thornton Donaldson and William Timmins resigned from the Board of Directors of CanWest Petroleum Corporation (the "Company"), effective as of such date. Mr. Donaldson's and Mr. Timmins' departure is not related to any disagreement with the Company or with the Company's operations, policies, or practices.



Press Release Source: CanWest Petroleum Corporation and Oilsands Quest Inc.

CanWest Petroleum Corporation and Oilsands Quest Inc.: Corporate Update
Thursday May 18, 3:25 pm ET

CALGARY, ALBERTA--(MARKET WIRE)--May 18, 2006 -- CanWest Petroleum Corporation (OTC BB:CWPC.OB - News) and Oilsands Quest Inc. -


The Company announces that it has accepted the resignations of Thornton Donaldson P. Eng. as a Director and Bill Timmins as a Director. Messrs. Donaldson and Timmins have resigned to make room on the Board of Directors for new independent directors as part of the ongoing transition to satisfy senior American stock exchange listing requirements. At this time, members of the Board of Directors are: Murray Wilson, Chairman (Calgary); Romeo D'Angela (Toronto); Ron Phillips (Connecticut); and Rod Haverslew (Calgary). The company is in discussions with a number of prospective directors that have significant direct oil sands, capital markets and corporate governance experience.

Ron Phillips noted, "Thornton Donaldson has been instrumental in the transition to becoming a Calgary based company with given oil sands expertise and has served the Company well from its inception eight years ago. With a successful background in mining over the last 40 years, his leadership during the formative years was invaluable."

Bill Timmins commented, "It is the right time to move the Company's operations to Calgary with Murray Wilson as our new CEO, given his long track record of success in the Canadian Oil Sands in particular. In addition, it will also allow closer working relations with the management of CanWest's operating subsidiary, Oilsands Quest Inc, the operator of the Oilsands Quest Permit Lands (formerly known as the Firebag East Project)." Under the direction of Murray Wilson, Chairman and Chief Executive Officer of the Company, the transition to having the Company's head office and all operations based in Calgary is nearing completion.

Oilsands Quest expects to release a comprehensive progress report before the end of June which will include summary drill results of the Oilsands Quest Permit Lands for results received to date. Results are currently being processed and analyzed in various independent labs. Today Chris Hopkins stated that, "our results to date continue to exceed the company's expectations. The company continues to plan and construct the infrastructure required to support the Phase II exploration program, including roads and housing facilities." Oilsands Quest Inc. (www.oilsandsquest.com) is a private Alberta corporation of which CanWest Petroleum Corporation (www.canwestpetroleum.com) owns a 59.7 percent interest on a fully diluted basis.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

Cusip# 138748 10

Contact:
     Contacts:
     CanWest Petroleum Corporation
     Jonathan Buick
     Toll Free: 1-877-748-0914 or Office: (416) 915-0915
     [email protected] or [email protected]
     http://www.canwestpetroleum.com
--------------------------------------------------------------------------------
Source: CanWest Petroleum Corporation and Oilsands Quest Inc.

[setravis]

Press Release Source: Quality Stocks

QualityStocks Report: The Best OTCBB Investment Newsletters
Monday May 15, 7:00 am ET

SCOTTSDALE, Ariz., May 15, 2006 (PRIMEZONE) -- QualityStocks has produced the first statistical data and reports for the Penny Stock Investment Newsletter Industry showing which newsletters produce the Most Winning Picks and which produce stock picks with higher than average trading volumes and trading value gains. The reports include data analysis for March 2006 for the OTCBB covering over 1,200 stock pick recommendations for 600 public companies.

The average daily dollar volume trading for all stock picks was $607,000 on the day of the pick. The top dollar volume newsletter produced picks that traded an average of $19.3 million on the day, and one newsletter had a 92% winning picks average for their 12 picks in the month of March

44 percent of stock picks were winners on the day, rising to 52 percent of picks for OTCBB stocks trading in the $1.00-$1.99 price range.

10 percent of all stock picks in March 2006 gained at least 20 percent on the day of the pick, rising to 15 percent of picks for OTCBB stocks trading in the Under $0.10 price range.

A free report with aggregated data for OTCBB stock alerts in March 2006 is available to all subscribers to the QualityStocks Daily Report via a hyperlink in the Daily Report. Sign up for the Daily Report at http://www.qualitystocks.net.

Other paid reports are available showing the most winning stock pick newsletters, the highest dollar volume newsletters, and a complete Stock Promotion Report listing every stock pick by newsletter with their results, including price gains or losses, trading volumes, and trading values on the day of the picks.

Some recent examples of winning picks as reported in the QualityStocks Daily Report include:

CanWest Petroleum Corporation (OTC BB:CWPC.OB - News) which opened on March 1, 2006 at $ 4.54 and closed last Friday May 12 at $7.79.

Seitel, Inc. (OTC BB:SELA.OB - News), a leading provider of seismic data to the oil and gas industry which opened on March 1, 2006 at $ 2.51 and closed last Friday May 12 at $ 4.79.

Torrent Energy Corporation (the ``Company'') (OTC BB:TREN.OB - News) gained 34 percent on May 9 following a positive report on its Methane Coos Bay project by Sproule Associates Inc.

Apollo Resources International Inc. (OTC BB:AOOR.OB - News) climbed more than 10 percent on May 10 to close at $1.12 following the announcement of a $1 million asset sale. Back on March 1, 2006 the stock traded in the $0.36 range and had daily gains as high as 36 percent in March.

About Quality Stocks

Quality Stocks is a free service that collates the Micro Cap Stock Picks featured by over 150 online Investment Newsletters into one free Daily Newsletter Report showing the Winners and Losers on the day. To sign up, visit http://www.qualitystocks.net.

Quality Stocks Disclaimer

Quality Stocks receives no paid compensation for any of the stocks mentioned in our Daily Newsletter Reports or in our Press Releases. We just report on what is happening out there.

Contact:
         Quality Stocks
         Mike Brown, Editor
         [email protected]
--------------------------------------------------------------------------------
Source: Quality Stocks

[setravis]

Took a bounce off the 200-day MA,
back above the 50-day MA.
Symmetrical Triangle (Continuation) Pattern......Breakout
AMEX Listing.
Has anyone heard anymore on this Company, getting listed on the AMEX, it's got to be coming up soon?

Technicals
Close Above the 50-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
20.04%above 13-day EMA
7.74%above 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[chinaman711]

CWPC is in a oil sands conference in canada july 6th and will also announce drilling results this week. Could be a huge oil discovery in the canadian oil sands. Looks to run into the conference. Good luck

[setravis]

Press Release Source: CanWest Petroleum Corporation


Oilsands Quest Sets Date for Special Meeting of Shareholders, CanWest Petroleum Files 10KSB With SEC
Tuesday July 25, 3:45 pm ET


CALGARY, ALBERTA--(MARKET WIRE)--Jul 25, 2006 -- CanWest Petroleum Corporation (OTC BB:CWPC.OB - News) and Oilsands Quest Inc. announce that Oilsands Quest has set the date for a special meeting of Oilsands Quest shareholders to approve its intended combination with CanWest Petroleum and mailed its proxy materials to shareholders on July 21, 2006. Concurrent with the mailing, CanWest Petroleum filed its annual report on Form 10KSB with the SEC.


The special meeting of the shareholders of Oilsands Quest will be held on August 14, 2006, at 10:00 a.m. (Calgary time), at the Xchange Conference Centre, Suite 200, 639 - 5th Avenue South West, Calgary, Alberta, Canada.

CanWest Petroleum owns a 60.7 percent interest, on a fully-diluted basis, in Oilsands Quest. On June 12, 2006, CanWest Petroleum and Oilsands Quest jointly announced that the companies entered into an agreement that provides for the combination of the two companies. The terms of the agreement are contained in the Notice of Special Meeting to Shareholders and Management Proxy Circular dated July 21, 2006.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

CUSIP# 138 748 108



Contact:
     Contacts:
     CanWest Petroleum Corporation
     Jonathan Buick
     (416) 915-0915 or Toll Free: 1-877-748-0914
     [email protected]
     


--------------------------------------------------------------------------------
Source: CanWest Petroleum Corporation

[setravis]

Looking for a bounce,I think it has bottomed.
Natural Gas has been punished enough !

Volume: 4,232,766
Avg Vol (3m): 2,306,090

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
-1.70%below 13-day EMA
-19.64%below 50-day EMA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): N/A 
P/E Ratio: N/A 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[setravis]

Press Release Source: CanWest Petroleum Corporation and Oilsands Quest Inc.


CanWest Petroleum Announces Closing of Combination with Oilsands Quest
Tuesday August 15, 9:12 am ET


CALGARY, ALBERTA--(MARKET WIRE)--Aug 15, 2006 -- CanWest Petroleum Corporation (OTC BB:CWPC.OB - News) announced today that it has completed its combination transaction (the "Combination") with its subsidiary, Oilsands Quest Inc. As a result of the Combination, which was approved by the Oilsands Quest minority shareholders earlier today, CanWest Petroleum now owns 100 percent of the common voting equity shares of Oilsands Quest.


Each common share of Oilsands Quest held by other shareholders was exchanged for 8.23 exchangeable shares of Oilsands Quest (the "Exchangeable Shares"), resulting in the issuance of 76,504,302 Exchangeable Shares on a fully diluted basis. The rights, privileges and restrictions governing the Exchangeable Shares provide that each whole Exchangeable Share may be exchanged for one CanWest Petroleum common share. Through a voting trust arrangement, the holders of Exchangeable Shares are entitled to vote at all meetings of holders of common stock of CanWest Petroleum. Following the Combination, CanWest Petroleum currently has approximately 179,568,196 issued and outstanding common shares (including common shares underlying 57,349,388 Exchangeable shares) and, on a fully diluted basis, 232,165,234 common shares.

As part of the Combination, the following events occurred:

- The board of directors of CanWest Petroleum was reorganized and is now comprised of T. Murray Wilson (Executive Chairman), Christopher H. Hopkins, Ronald Phillips, Thomas Milne, William Scott Thompson and Gordon Tallman. The officers of the Corporation are now T. Murray Wilson, Executive Chairman; Christopher H. Hopkins, President and Chief Executive Officer; Karim Hirji, Chief Financial Officer; and Errin Kimball, Vice-President, Exploration.

- CanWest Petroleum became a reporting issuer in Alberta as of August 11, 2006, and on August 14, 2006, filed on SEDAR (www.sedar.com) its annual filings under National Instrument 51-101 for the year-ended April 30, 2006, comprised of Form 51-101F1 (statement of bitumen exploration activities and other information) and Form 51-101F3 (report of management and directors). As CanWest Petroleum has not attributed any reserves to its properties, it has not filed a Form 51-101F2 (report of independent qualified reserves evaluator or auditor). These filings are also available on CanWest Petroleum's website (www.canwestpetroleum.com). In an earlier news release dated July 6, 2006, the company's management released its estimate of resources which are to be further reported upon by independent third-party estimate.

CanWest Petroleum has applied for a listing on a senior U.S. exchange. In addition, the company intends to seek shareholder approval to change its name to Oilsands Quest Inc. or a similar name at its upcoming annual shareholder meeting to be held this fall.

Commenting on the Combination, Executive Chairman, T. Murray Wilson, said, "This is a pivotal step in the reorganization of CanWest Petroleum. The combined team is looking forward to capitalizing on the many strengths of both companies." Christopher H. Hopkins, President & CEO, added, "We are very pleased with the Combination and welcome the opportunity to work with all stakeholders."

With respect to the Combination, TD Securities Inc. acted as financial advisor to CanWest Petroleum, and CIBC World Markets Inc. acted as financial advisor to Oilsands Quest. Genuity Capital Markets provided the independent committee of the board of directors of Oilsands Quest with its opinion that the consideration to be received by the shareholders of Oilsands Quest upon completion of the Combination was fair from a financial point of view to the shareholders of Oilsands Quest.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the companies' operations, markets, products and prices, and including other factors discussed in CanWest Petroleum Corporation's various filings with the Securities and Exchange Commission.

CUSIP# 138 748 108



Contact:
     Contacts:
     The Buick Group
     Institutional Investors
     Toll Free: 1-877-748-0914
     Office: (416) 915-0915
     [email protected]
     
     Hedlin Lauder Investor Relations Ltd.
     Retail Investors
     Toll Free: 1-800-299-7823
     Office: (403) 232-6251
     [email protected]
     


--------------------------------------------------------------------------------
Source: CanWest Petroleum Corporation and Oilsands Quest Inc.

[setravis]

Press Release Source: CanWest Petroleum Corporation and Oilsands Quest Inc.


CanWest Petroleum Announces Purchase of Gross Overriding Royalty
Wednesday August 16, 7:48 am ET


CALGARY, ALBERTA--(MARKET WIRE)--Aug 16, 2006 -- CanWest Petroleum Corporation (OTC BB:CWPC.OB - News) announces that it has completed the purchase of the 2.5 percent gross overriding royalty on Oilsands Quest Inc.'s permit lands in Saskatchewan for $20,000,000 Cdn (including the original option payment of $1,250,000). Oilsands Quest is a subsidiary of CanWest Petroleum.


"The purchase of this encumbrance on the Oilsands Quest permit lands was an important strategic step in CanWest Petroleum's long-term development plans for the lands," said T. Murray Wilson, Executive Chairman of CanWest Petroleum. The purchase was funded primarily by the previously announced private placement of CanWest Petroleum common shares.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the companies' operations, markets, products and prices, and including other factors discussed in CanWest Petroleum Corporation's various filings with the Securities and Exchange Commission.

CUSIP# 138 748 108



Contact:
     Contacts:
     The Buick Group
     Institutional Investors
     Toll Free: 1-877-748-0914
     Office: (416) 915-0915
     [email protected]
     
     Hedlin Lauder Investor Relations Ltd.
     Retail Investors
     Toll Free: 1-800-299-7823
     Office: (403) 232-6251
     [email protected]
     


--------------------------------------------------------------------------------
Source: CanWest Petroleum Corporation and Oilsands Quest Inc.

[setravis]

May be ready to ride north.....

Volume: 2,102,594
Avg Vol (3m): 2,015,310

Technicals
Percentage Gainer

Last Price Quote is:
13.61%above 13-day EMA
-5.26%below 50-day EMA
RS Rating: N/A 

[lalitha0]

Hi
Ready to go up up and away! Closed up .63 at 4.87! up almost 15%!

Lalitha

[ScottishTrader]

This one is Snowy's and it looks good too!!  Descending channel breakout today and volume is picking up.  If it breaks 5.50 (which it should do) 6.50 should be easily reachable.  Load up!!

[setravis]

Form 8-K for CANWEST PETROLEUM CORP


--------------------------------------------------------------------------------

21-Aug-2006

Entry into a Material Definitive Agreement



Item 1.01 Entry into a Material Definitive Agreement.
On August 15, 2006, CanWest Petroleum Corporation's wholly owned subsidiary, Township Petroleum Corporation ("Township"), closed a transaction under a Share Purchase Agreement (the "Agreement") with the shareholders ("Shareholders") of Stripper Energy Services Inc. ("Stripper Energy").
Township purchased from the Shareholders all of the issued and outstanding shares of Stripper Energy's common stock for a total purchase price of CND$20,000,000 (US$17,850,768) including the original option payment of CND$1,250,000. Stripper Energy owns the 2.5 percent gross overriding royalty on Oilsands Quest Inc.'s ("OQI") permit lands in Saskatchewan. OQI is a subsidiary of CanWest Petroleum. The result of the transaction is that CanWest Petroleum now owns, through Township, the gross overriding royalty on OQI permit lands. Item 8.01 Other Events.
On August 16, 2006, the Company issued a press release announcing the purchase of the 2.5% gross overriding royalty on OQI's permit lands. The press release is filed as Exhibit 99.1 to this report and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits

10.1   Share Purchase Agreement, effective as of May 31, 2006.

10.2   Assignment Agreement with Township Petroleum Corporation., dated June 6, 2006.

99.1   Press Release dated August 16, 2006.

[snowcat]

The stock goes thru some major swings, but this will be the first oil sands stock on a major exchange. - look how the 1st ethanol stock - PEIX did (ADM did ok too), the first solar stocks - STP, etc.  It may be a while b4 this one makes any money, but there is no reason why the stock cannot go up

[setravis]

This one is Snowy's and it looks good too!!  Descending channel breakout today and volume is picking up.  If it breaks 5.50 (which it should do) 6.50 should be easily reachable.  Load up!!

This is Athakinu's pick from August 2005....I have followed since the start of this thread.
Give credit where credit is due. 

[lalitha0]

Hi

Insiders are buying:

http://www.secform4.com/insider/showhistory.php?cik=cwpc

Also Herb Greenberg mentioned it in an article in Jan on Marketwatch:

http://www.marketwatch.com/premium/realityCheck.asp?guid={26D0AD71-3E81-4656-BCF2-4D5420CCE402}&dist=LGstoryquote&siteid=&

Go CWPC!

Lalitha