GREY:COSLF - Post by User
Post by
GarageGuyon Oct 20, 2018 7:35am
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Post# 28840099
Alberta can see the money
Alberta can see the money
https://www.enhanceenergy.com Calgary, Alberta September 14, 2018 Enhance Energy Inc. (Enhance or the Company) is pleased to announce the completion of all required arrangements related to the previously announced project development and coordination agreement and long-term service agreement for the construction and operation of the Alberta Carbon Trunk Line (ACTL) with Wolf Carbon Solutions Inc. Under the terms of the agreements, Wolf will construct, own and operate the CO2 capture and pipeline transportation assets. Enhance will continue to be the owner and operator of the CO2 utilization and sequestration portion of the ACTL project through its enhanced oil recovery (EOR) operations. Construction activities related to the ACTL project are expected to commence in the next 60 days with first transportation and storage of CO2 anticipated by the end of 2019. Financial support was provided to Enhance by ATB Financial through associated debt facilities. Dentons Canada LLP acted as legal advisors to Enhance for the transaction.