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MGM Energy Corp MGMCF



GREY:MGMCF - Post by User

Post by glaciermanon Aug 12, 2013 12:26pm
345 Views
Post# 21663827

Financial Post - Husky a "survivor"

Financial Post - Husky a "survivor"Of couse, the Canol is mentioned. I like this company.

https://business.financialpost.com/2013/07/25/husky-a-survivor-in-oil-patch/?__lsa=dc4f-ad62

Today Husky is entering its sweet spot, with expected growth pegged at 5% to 8% over the next five years, much of it sheltered from oil price differentials.
Its $6.5-billion Liwan project in the South China Sea, developed in partnership with CNOOC Ltd., is on schedule to deliver first gas at the end of the year or early 2014, with output of up to 500 million cubic feet a day available to the hungry Chinese market.
New discoveries are enhancing its East Coat offshore business. Husky announced a light oil find at its Harpoon exploration prospect in the Flemish Pass Basin, in the deep waters off Newfoundland and Labrador.
And successful exploration in the Canol shale in the Northwest Territories could add a significant asset for the future.
Long-term we see it as a project with significant potential and the results we had and the progress we made to date, still leave us very happy to continue there,” said chief operating officer Rob Peabody. “We are working through community consultations on the next stage of our program.”
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