Kicking Horse Energy Inc. V.CEX

Alliance Pipeline Force Majeure - and no announcement!

[Valueseek1982]

All area operators announcing and they are not. Alliance pipeline down. Area operators are shutting in injections. Something doesnt add up

[righand2]

You say "all" area operators have been announcing shutdowns? I have only seen a couple. And whatever happened, it is not KCK's problem, as they don't own the processing facilities that would have been responsible for releasing sour gas into the Alliance pipeline. We have no idea where the issue occurred, but it could have been Wapiti, which is sour and upstream from Kakwa

[Valueseek1982]

Did some due diligence and I stand corrected they are not in alliance - but something still doesn't add up. Too aggressively booked imo and running room at kakwa is limited.

[righand2]

What are you talking about?

[Valueseek1982]

I'm talking about their reserves - they are something like 60 to 65 percent booked - that is Super aggressive in this environment. Tell me how they are going to access these booked reserves when they are so heavily drawn on their credit facility. But you shouldnt worry because they are going to high close this thing anyways. Their is a 10 min rule they'll do this at 12 prior.