Dominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarterDominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarterDominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter

Dominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter

VANCOUVER, BC – (May 5, 2011) Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter, up from $98 million a year ago.

The oil and gas producer said the profit amounted to 63 cents per share, compared with 23 cents per share in the first quarter of 2010.

Oil and gas sales before royalties totalled $856 million, compared with $815 million in the same quarter last year.

Total production averaged 166,135 barrels of oil equivalent per day, up from 164,587 barrels in the first three months of 2010.

Penn West, which reorganized from a trust structure this year, has conventional oil operations in Alberta and Saskatchewan.

Last year, the company landed joint ventures with two major Asian investors to develop assets that would have otherwise laid dormant.

China Investment Corp. has agreed to invest $1.25 billion to move the company’s Peace River oilsands holdings ahead and Penn West has also signed a deal to form a 50-50 joint venture with a unit of Japan’s Mitsubishi Corp. to exploit its northeastern B.C. natural gas properties.

Mitsubishi, Japan’s largest general trading company, agreed to commit $850 million to the joint venture — $250 million in cash to acquire a half stake in the assets and $600 million for capital and development funding.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter

VANCOUVER, BC – (May 5, 2011) Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter, up from $98 million a year ago.

The oil and gas producer said the profit amounted to 63 cents per share, compared with 23 cents per share in the first quarter of 2010.

Oil and gas sales before royalties totalled $856 million, compared with $815 million in the same quarter last year.

Total production averaged 166,135 barrels of oil equivalent per day, up from 164,587 barrels in the first three months of 2010.

Penn West, which reorganized from a trust structure this year, has conventional oil operations in Alberta and Saskatchewan.

Last year, the company landed joint ventures with two major Asian investors to develop assets that would have otherwise laid dormant.

China Investment Corp. has agreed to invest $1.25 billion to move the company’s Peace River oilsands holdings ahead and Penn West has also signed a deal to form a 50-50 joint venture with a unit of Japan’s Mitsubishi Corp. to exploit its northeastern B.C. natural gas properties.

Mitsubishi, Japan’s largest general trading company, agreed to commit $850 million to the joint venture — $250 million in cash to acquire a half stake in the assets and $600 million for capital and development funding.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarterDominion Lending Centres Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter

VANCOUVER, BC – (May 5, 2011) Clearlease Reports Penn West Petroleum Ltd. (TSX:PWT) said Thursday it earned $291 million in its latest quarter, up from $98 million a year ago.

The oil and gas producer said the profit amounted to 63 cents per share, compared with 23 cents per share in the first quarter of 2010.

Oil and gas sales before royalties totalled $856 million, compared with $815 million in the same quarter last year.

Total production averaged 166,135 barrels of oil equivalent per day, up from 164,587 barrels in the first three months of 2010.

Penn West, which reorganized from a trust structure this year, has conventional oil operations in Alberta and Saskatchewan.

Last year, the company landed joint ventures with two major Asian investors to develop assets that would have otherwise laid dormant.

China Investment Corp. has agreed to invest $1.25 billion to move the company’s Peace River oilsands holdings ahead and Penn West has also signed a deal to form a 50-50 joint venture with a unit of Japan’s Mitsubishi Corp. to exploit its northeastern B.C. natural gas properties.

Mitsubishi, Japan’s largest general trading company, agreed to commit $850 million to the joint venture — $250 million in cash to acquire a half stake in the assets and $600 million for capital and development funding.

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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