Adanac Molybdenum Corporation AUAYF

$20 billion Alaskan Pipeline ?

[guesshoo]

I will get You the rest of the Article too. SALT LAKE CITY--(BUSINESS WIRE)--Dec. 27, 2004--Apex Resources Group Inc. (OTC BB: APXR - News), today announced that recent news reports indicate that Canada's two major pipeline companies are preparing for battle over who gets to play in building the $20 billion Alaskan natural pipeline. The competitors are reported to be TransCanada and Enbridge Inc. whom sources indicate have begun the "hardest fought" contest that Canadian pipe liners have been involved in. The 4.5 billion cubic-foot-a-day pipeline would tap vast natural gas reserves in Alaska's North Slope, one of the few new sources of natural gas to feed North America's hunger for clean-burning fuel. TransCanada has locked up the Mackenzie Valley pipeline project, which is moving forward. With gas close to $7.00 per 1,000 cubic feet, Apex Resources Group, Inc's interest in proven reserves would be 45 Million Dollars and with an additional potential to be drilled out would represent 323 Million Dollars. "This battle clearly reinforces the urgency and focus that exists in expediting completion of the pipeline and its lucrative ownership interests. Getting domestic fuel to the lower 48 states is no longer an option, it is a must!," stated John Hickey, Director. By the Board of Directors, APEX RESOURCES GROUP INC. John M. Hickey Director guesshoo.