US Press Releases:

MCW Energy Group Commences Trading On The TSX– Venture As It Continues Development Of Its Oil Sands Project In Asphalt Ridge, Utah

Shediac, New Brunswick, Canada:  MCW Energy Group, (MCW Enterprises) a Canadian holding company involved in oil production/distribution and oil sands recover technology is pleased to announce that it has commenced trading on the Toronto Stock Exchange – Venture as of Tuesday, October 23^rd, 2012.  The Company’s trading symbol is:  MCW.... read more

MCW Energy Group Continues Growth Of Its MCW Fuels Division With Acquisition Of Ocean Pacific Fuels Inc.’s Valero- Branded Reseller Distribution Agreements

MCW Energy Group Limited, a Canadian holding company with two divisions focused on value creation:   (1)  MCW Fuels Inc., a well-established distributor of gasoline and diesel fuels to a growing list of service stations in southern California, and (2)  MCW Oil Sands Recovery, LLC, is pleased to announce that MCW Fuels has entered into a binding agreement to acquire the Valero Master Branded Reseller Distribution Agreements currently held by  Ocean Pacific Fuels Inc., of Murrieta, California.... read more

MCW Energy Group Announces Closing Of Previously Announced Private Placement

MCW Energy Group Limited (FRANKFURT: MW4, 'MCW'), is pleased to announce that it has closed the first tranche of its previously announced brokered private placement offering (the 'Private Placement') of 2,800,000 subscription receipts ('Subscription Receipts') at a price of Cdn $0.50 per Subscription Receipt for total gross proceeds of Cdn $1,400,000. Each Subscription Receipt is convertible into one unit of MCW (each an 'MCW Unit') immediately prior to the closing of MCW's amalgamation (the 'Amalgamation') with AXEA Capital Corp. ('AXEA'). Each MCW Unit is comprised of one common share of MCW and one half of one common share purchase warrant (each an 'MCW Warrant'). Effectively on closing of the Amalgamation, each four MCW Units shall be exchanged into one unit of AXEA, comprised of one AXEA Share (at a deemed price of Cdn $2.00 per share) and one-half of one share purchase warrant, with each whole warrant entitling the holder thereof to purchase one AXEA Share at a price of Cdn $3.00 per share until the date that is 24 months following the closing of the Amalgamation. The Private Placement was led by Stonecap Securities Inc.... read more

MCW Energy Group Signs Key Oil Sands Material Supply Agreement With Temple Mountain Energy, Utah

MCW Energy Group Limited, a Canadian holding company with two divisions focused on value creation: (1) MCW Fuels Inc., a well-established distributor of gasoline and diesel fuels to a growing list of service stations in southern California, and, (2) MCW Oil Sands Recovery, LLC, which will implement MCW Energy Group's proprietary oil sands extraction technology on its lease in Asphalt Ridge, Utah, is pleased to announce that the Company has signed a key oil sands material Supply Agreement with Temple Mountain Energy Inc. of Utah.... read more

MCW Fuels (Division Of MCW Energy Group) Awarded With Key Nationwide Motor Carrier Agreement By Conoco Phillips

MCW Energy Group Limited, a Canadian holding company with two divisions focused on value creation: (1) MCW Fuels Inc., a well established distributor of gasoline and diesel fuels to a growing list of service stations in southern California, and (2) MCW Oil Sands Recovery, LLC, which will implement MCW Energy Group's proprietary oil sands extraction technology on its lease in Asphalt Ridge, Utah is pleased to announce the signing of a Master Motor Carrier Services Agreement between ConocoPhillips and its fuels distribution division, MCW Fuels Inc.... read more

MCW Fuels Inc. (An MCW Energy Group Limited Subsidiary) Enters Into Binding Agreement To Acquire Westco Petroleum Distributors Inc.

MCW Energy Group Limited, a Canadian holding company with two business units focused on value creation; i) MCW Fuels Inc., a well established distributor of gasoline and diesel fuels to service stations in southern California, and ii) MCW Oil Sands Recovery, LLC, is pleased to announce that MCW Fuels has signed an agreement (the “Agreement”) to acquire Western Petroleum Distributors Inc. (“Westco”).... read more

MCW Energy Group Appoints Dwight Romanica, Experienced Petroleum Distribution Systems Expert, To The Company's Board of Directors

MCW Energy Group, a Canadian holding company with two divisions: (1) MCW Fuels Inc., a well-established distributor of gasoline and diesel fuels to a growing roster of service stations in southern California, and (2) MCW Oil Sands Recovery, LLC, which owns a proprietary oil sand extraction process, is pleased to announce the appointment of Dwight J. Romanica to the Company's Board of Directors.... read more

MCW Energy Group Engages Stonecap Securities Inc. As Lead Agent & Announces A $5,000,000 Private Placement To Fund Its Utah Oil Sands Development Program

Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Energy Group ('MCW'), a Canadian holding company with two business units focused on value creation; i) MCW Fuels Inc., a well established distributor of gasoline and diesel fuels to service stations in southern California, and ii) MCW Oil Sands Recovery, LLC which owns an oil sands extraction process that MCW is preparing to implement in the third quarter of 2012, is pleased to announce that it has engaged Stonecap Securities Inc. as lead agent to complete a private placement financing of approximately $5,000,000 (the 'Private Placement'). The proceeds of the Private Placement will be used to fund the final payment of MCW's first 250 bbl/d oil sands extraction unit (the 'Commercial Facility') to be located in the Uinta basin of Utah, and for general working capital purposes. Construction of the Commercial Facility has been completed and, subject to the timing of the closing of the Private Placement, management of MCW anticipates installation to begin early in the third quarter of 2012, followed by first production approximately one month later.... read more

MCW Energy Group Limited: MCW Fuels Receives Prestigious 'Circle of Excellence' Distributor Award From Valero

MCW Energy Group, a Canadian company involved in oil production/distribution and oil sands recovery technology, today announced that the Company has received a prestigious award as a key distributor for Valero Marketing and Supply Company.... read more

MCW Energy Group Reports Further Progress On Proposed Reverse Takeover With Axea Capital Corp And Voluntarily Enters Into “Quiet Period” From December 27, 2011

Shediac, New Brunswick, Canada/Frankfurt, Germany:  MCW Energy Group, a Canadian holding company involved in oil production/distribution and oil sands recovery technology today announced further progress on its proposed reverse takeover transaction with AXEA Capital Corp., (TSXV:XEA.H).  This transaction was originally reported by MCW on December 7^th, 2011 (“MCW Energy Group Enters Into Letter of Intent For Reverse Takeover With AXEA Capital Corp. To Facilitate Toronto Exchange Listing.”).... read more

MCW Energy Group’s Ceo, Dr. R.G. Bailey, Predicts New Oil Boom With Cleaner, More Efficient Extraction Technologies

Shediac, New Brunswick, Canada/Frankfurt, Germany:  MCW Energy Group’s recently appointed Chief Executive Officer, Dr. R.G. Bailey was interviewed by a German television network during the recently held German Equity Forum in Frankfurt (Deutsches Eigenkapitalforum, November 21^st to November 23^rd, 2011.).... read more

MCW Energy Group Enters Into Letter Of Intent For Reverse Takeover With Axea Capital Corp. To Facilitate Toronto Exchange Listing

Shediac, New Brunswick, Canada/Frankfurt, Germany – MCW Energy Group Limited, a Canadian holding company involved in oil production/distribution and oil sands recovery technology and AXEA Capital Corp announced today that they have entered into a Letter of Intent  in the course of a so-called “qualifying transaction”. This transaction is intended to take the form of a triangular amalgamation which will result in the acquisition of all of the outstanding equity interests of MCW by AXEA in return for AXEA shares. Following the transaction, shareholders of MCW will hold approximately 96% of AXEA shares, and AXEA shareholders will hold the remaining 4%.  The amalgamation will constitute a reverse takeover of AXEA by MCW Energy Group Ltd., a company incorporated under the laws of New Brunswick, Canada.... read more

MCW Oil Sands Recovery, LLC, Selected As One Of The Top 50 Innovative, High-Growth Companies At Deutsches Eigenkapitalforum

November 22^nd, 2011: Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Oil Sands Recovery, LLC, a Utah company involved in oil sands recovery technology, has been selected as one of the Top 50 Companies at the German Equity Forum, “Deutsches Eigenkapitalforum”, Europe’s largest capital market event in the Congress Center Messe Frankfurt.... read more

MCW Energy Group Appoints Top-Manager As COO Of Its Oil Sands Operations In Utah

MCW Energy Group, which is involved in oil production/distribution and oil sands recovery technology, announces the appointment of R. Burk Adams, P.E., as Chief Operating Officer of MCW Oil Sands Recovery, LLC.... read more

MCW Energy Group Appoints Experienced Chief Executive Officer To Transform The Company Into A Fully Integrated Energy Operation

Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Energy Group, listed on the Open Market of the Frankfurt Stock Exchange, is pleased to announce the appointment of Dr. R Gerald Bailey as its new Chief Executive Officer MCW, a Canadian holding company involved in oil production/distribution and oil sands recovery technology.... read more

MCW Energy Group, A Leading U.S. Oil Distributor And Innovative Oil Producer, Maximizes Its Profit Potential With An Integrated Approach To The Energy Marketplace

Shediac, New Brunswick, Canada/Frankfurt, Germany:
MCW Energy Group, a Canadian holding company listed on the Open Market of the
Frankfurt Stock Exchange, plans to optimize the profit levels of its domesticallyproduced
oil from the Utah oil sands area by combining its oil production and its
existing distribution network under one corporate umbrella.... read more

MCW Energy Group’s Innovative, Environmentally Friendly Technology Will Set New Mark for Oil Sands Extraction Techniques

Shediac, New Brunswick, Canada/Frankfurt, Germany: MCW Energy Group, a Canadian holding company involved in oil production/distribution and oil sands recovery technology, has made notable progress in developing its proprietary, environmentally-friendly oil extraction technology. Its initial extraction unit is scheduled for infield testing this fall in the Asphalt Ridge Region, Utah.... read more

MCW Energy Group Appoints Environmental Consultants Company For Due Diligence On Its Oil Sands Lease Development In Asphalt Ridge

Shediac, New Brunswick, Canada:  MCW Energy Group, a Canadian holding company involved in oil production/distribution and oil sands recovery technology, today announced that it has appointed JBR Environmental Consultants Inc. to provide environmental and permitting counsel for the Company’s oil sands lease development in Asphalt Ridge, Utah. JBR Environmental Consultants Inc. is a very reputable firm with years of experience in all facets of resource development, including regulatory compliance and permitting, ecological baseline studies, environmental due diligence, audits and mine permitting, reclamation and closure.  JBR has 10 offices in western United States, with a focus on the state of Utah.  The company will provide MCW with a multi-phased plan to develop MCW’s 1338 acre Uintah Basin oil sands lease within the prolific Asphalt Ridge Deposit.... read more

MCW Energy Group Appoints Geologic Team For Development Of Its Oil Sands Lease In Asphalt Ridge

MCW Energy Group Ltd., a Canadian holding company involved in oil production/distribution and oil sands recovery technology, today announced that it has appointed Utah Geosystems, LLC to provide geological consulting for the Company’s oil sands lease development in Asphalt Ridge, Utah.... read more

MCW Energy Group Commences Fabrication plans For Its First Oil Sands Extraction Unit To Be Deployed in Asphalt Ridge, Utah

Shediac, Canada:  MCW Energy Group (MCW), a Canadian holding company involved in oil production/distribution and oil sands recovery technology, today announced that it has commenced its plans to fabricate a closed-loop oil extraction unit which will be utilized in the development of its oil sands lease in Asphalt Ridge, Utah.... read more

Independent Evaluation Confirms Viability Of MCW Energy Group's 50 + Million Barrel Oil Sands Resource In Asphalt Ridge, Utah

Shediac, New Brunswick, Canada/Frankfurt, Germany:  MCW Energy Group, a Canadian holding company publicly trading on the Frankfurt Stock Exchange, (Symbol: MW4.F) today announced further details of an Evaluation Report on the Company’s oil sands lease in Utah by Chapman Petroleum Engineering Ltd. of Calgary, Alberta, which has been retained by MCW for a feasibility study.... read more

MCW Energy Group Enters Into a Binding LOI for $3 Million in Convertible Debt Financing

MCW Energy Group Ltd. (”MCW”), an oil distribution and production company with operations in the U.S., announced that it has entered into a binding letter of intent to raise $3 million in a placement offering of convertible debt. The proceeds will be used to develop, operate, and finance oil sands projects both domestically and internationally, with an initial focus on MCW’s Utah-based subsidiary MCW Oil Sands Recovery, LLC (“OSR”).... read more

David Sutton, CEO of MCW Energy Group, Featured on the Borsen Radio Network AG

MCW Energy Group (”MCW”) is pleased to announce that David Sutton, MCW’s Chief Executive Officer, was featured today on Borsen Radio Network AG. A recording of the interview can be heard here.... read more