Post by
GarageGuy on Oct 20, 2018 7:35am
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.
Comment by
sIowerideasy on Oct 20, 2018 8:18am
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Comment by
GarageGuy on Oct 20, 2018 9:27am
Well let's hope it's our tech on every emitters stack. CST already has a path to profitability just with EOR and greenhouses... Imagine what will happen when one of these M. I. t. Kids figures out how to make fuel. This stock will be measured in dollars not cents in the near future if we don't get bought out and robbed by big oil. Just my hopeful opinion.