MoU signed for supply of gas

Australia's CityView Corporation Limited announced on July 13 in a letter to the Australian Stock Exchange the following information from its Joint Venture partner and operating shareholder, PT Medco Energi Internasional Tbk (Medco):

A Memorandum of Understanding (MoU) was signed between JOB Pertamina-Medco Madura Pty Ltd and PT Pembangkitan Jawa Bali for Pusat Pembangkit Listrik di Madura (Electricity Development Centre in Madura) for the supply of gas for a period of 15 years in relation to power generation on Madura Island.

The MoU does not specify prices for the sale of the gas and is contingent on the proving of sufficient resources and production in sufficient volumes over a 15-year period.

The signing of the MoU took place in Surabaya on 9 July 2004 and was witnessed by the MInister of Energy and Mineral Resources Purnomo Yusgiantoro, the Governor of East Java and the BPMIGAS chief. Directors Thinagaran and Md Ramli represented CityView. Photos of the signing ceremony can be viewed at www.CityViewCorp.com

Contact: CityView, Level 9, 28 The Esplanade, Perth, Western Australia 6000, PO Box 5643, Tel: (61-8) 9226-4788, Fax: (61-8) 9226-4799, Email: info@CityViewCorp.com. (*)