MGM Energy Corp MGMCF

NG option

[glacierman]

Folks,  I’m starting to get excited that firms are also targeting natural gas – judging by the recent Call for Bids which was clearly beyond the “oil window”.     Please remember that MGM has NG assets in the Colville Lake region which could be tied in at Norman Wells.     Back in 2007,  MGM already thought that the “southern leg” of the MacKenzie pipeline should be built first.    That idea is starting to make more and more sense to me. 

“Like all other companies that own Arctic gas and the Northwest Territories government, MGM supports the Mackenzie megaproject as the first choice for a direct way to start large-scale development across the entire region from Alberta's northern border to the Beaufort Sea. But the second choice for tackling the Arctic gas frontier is genuine and the firm is serious, MGM investor relations officer Scott Carrothers indicated in a brief interview.  The idea is to grow in smaller but cheaper stages. As a bonus, the gradual approach might be more palatable to aboriginal settlements where many residents made it plain, in a year of pipeline hearings, that they still fear the megaproject 30 years after its first incarnation died. MGM's idea is to start by tapping gas fields halfway down the Mackenzie Valley in the Colville Lake region. The area is near Canada's most northerly pipeline, which Enbridge Inc. built in 1985 to connect Imperial Oil Ltd.'s Norman Wells field to the previous top of the North American energy grid at Zama in northwestern Alberta. Only oil flows on the 870-kilometre-long Norman Wells pipeline. But a gas line could be installed in the right-of-way, Carrothers said.