Avila Energy Corporation Announces Plant Shut Down
(TheNewswire)
Calgary, Alberta – May 1, 2025 – TheNewswire - Avila Energy Corporation (“Avila” or “Company”),trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces thatits Bear Hills processing plant has been shut in.
On April 3, 2025 Avila had its Bear Hills processing plant shut in forfailure to meet the dew point standards of Atco/TC Energy. On April 2,Atco/TC Energy made its monthly inspection to gauge the dew pointwhich establishes the temperature of the natural gas being exportedfrom the Company's plant. The temperature exceeded the -10c thresholdby several degrees. The Company shut in some of the production howeverupon the return the next day the temperature did not conform torequirements. The Company finds that baffling as the prior months withsimilar ambient temperatures the Company passed the test.
The Company engaged the services of a Calgary based consultingengineering firm which ran simulation models which determined that thefacility was more than capable of handling the volume and richness ofthe gas being processed. Accordingly it was determined that theCompany service its heat exchanger, which is expected to solve the dewpoint problem. The Company expects the matter to be rectified shortly.
In other news the Company reports that it attended the Court ofKing’s Bench on April 28, seeking an Order approving the Creditorsapproval of the Creditor Proposal voted on March 21, 2025. The Orderalso sought an amendment to the Proposal extending the time for theCease Trade Order to be lifted until June 30, 2025 and until September30, 2025 to recommence trading on the Canadian Securities Exchange(CSE).
About Avila Energy Corporation
The Company is an emerging CSE listed corporation trading under thesymbol (‘VIK’), and in combination with an expanding portfolio of100% Owned and Operated oil and natural gas production, pipelines andfacilities is a licensed producer, explorer, and developer of Energyin Canada. For further information, please contact:
Donald Benson, President and CE
Emails: Donald Benson – dbenson57@shaw.ca
ON BEHALF OF THE BOARD
Donald Benson
CEO
Avila Energy Corporation Suite 2500, 500 4 th Avenue SW Calgary, Alberta www.avilaenergy.com
Canada T2P 1J9 (403) 451- 2786
Contact Phone Number: 1-204-955- 5042
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