Cityview is an alternative weekly newspaper published in Des Moines, Iowa independent of the Des Moines Register, the prominent newspaper in Des Moines and the surrounding suburbs. Recent cover of Portland, Oregons Willamette Week An alternative weekly is a type of weekly newspaper that eschews comprehensive coverage of general news in favor of opinionated reviews and columns, investigations into edgy topics and magazine-style feature stories highlighting local people and culture. ... This article is about the state capital of Iowa. ... This article or section does not adequately cite its references or sources. ...
The paper is known for its populist, liberal stances on issues and for reporting unconventional news, such as the disposition of tax dollars, police blotters with 911 transcripts, and opinion editorials.
CityView continues to be free carried by Pt Medco Energi Internasional TBK ("Medco") in relation to its 25% gross interest in both the Madura (674,100 acres) and Simenggaris (675,582 acres) Blocks.
CityView has a 2.5% interest in the petroleum permit block held under Service Contract 41 which is an offshore oil and gas exploration area of approximately 3 million acres in the Sandakan Basin within Philippine waters adjacent to the border with east Malaysia.
Under the agreements CityView can choose to have all moneys repaid on 1 July 2003 or convert its loan into equity on a formula based on an independent valuation to be undertaken prior to the repayment date.
CityView anticipates that payment for such 10% acquisition will be accomplished through utilization of funds previously received and further funds expected to be received from private placements of CityView's shares with otherwise unaffiliated third parties.
Once that is accomplished CityView and the unaffiliated third parties participating in the private placement intend to expeditiously conclude such transaction with CityView, then moving expeditiously to conclude its agreement with Sandssol (through utilization of a portion of the private placement funds).
Cityview sold its subsidiary Artane to Yule River Mining Pty Ltd on December 1, 1999 for a nominal consideration due to the fact that the Duketon Prospect had not yielded any success whatsover and management did not fell that there was any point in spending further monies with respect to this project.
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