Media Archives
- Open Season Media Conference Presentation [Jan. 29, 2010 pdf]
- Tony Palmer's update on the Alaska Pipeline Project presented to the Resource Development Council for Alaska [Nov. 2009]
- Alaska Pipeline Project Report [Oct. 31, 2009]
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Dream of a road to the Arctic Ocean takes shape
Dec. 17 2013
On a November morning just outside Tuktoyaktuk, diesel engines break the silence as trucks and graders trundle back and forth, slowly pushing their way across the tundra toward Inuvik, about 140 kilometres south.
With the sun barely rising above the horizon on the northernmost reaches of Canada’s mainland, the crew is constructing a winding road that will provide the first year-round link between the Arctic Ocean and the rest of the country. It is a remarkable piece of engineering that is like laying a thick carpet across a giant frozen sponge.
The Inuvik-Tuktoyaktuk gravel highway, a dream that goes back to the 1950s, will take about three years to complete, with most of the work being done in the long, bone-chilling winter. Northern residents, governments and aboriginal leaders are looking to it as a path to a brighter economic future following decades of high hopes and bitter disappointments.
Those have included an energy exploration boom in the 1970s, which ended when oil prices tumbled in the following decade, and on-again, off-again plans for a multibillion-dollar Mackenzie Valley natural gas pipeline. They appear to be off again. The $300-million road project, which will employ about 250 people at its peak, is smaller in scale than either of those and the people of the North are counting on short and long-term benefits.
“What this road means to this region is a whole new opportunity,” said Merven Gruben, mayor of the hamlet of Tuktoyaktuk, home to about 900 people on the Beaufort Sea coast.
“We know it’s going to be a road to resources for industry, but it’s also a road for us to travel any time we want to go for holidays – just drive out. But the big picture, I think, is the cost of living going down for our people. Everybody’s going to be affected by that. In the stores everything’s so expensive right now because you have to fly everything in,” Mr. Gruben said in his office above the town council chamber.
Indeed, everything is costly in the place locals call Tuk, a collection of modest wood homes with few stores and no restaurants or hotels – a two-litre carton of milk runs about $9 and gasoline is $1.85 per litre. Travel between Inuvik, a regional government and supply centre, and Tuk is restricted to air in the summer and ice road in the winter, making it tough and often pricey for residents, tourists and industry to move back and forth.
There are still remnants of the last oil boom in Tuk, including worker housing built for Beaufort Sea drilling operations by Dome Petroleum and other firms. They have been taken over by local companies, including the one owned by Mr. Gruben’s family that is in charge of building the highway.
Construction is just getting under way on the Inuvik side, on a stretch of the town’s Navy Road, which until recently was lined with drilling rigs and other heavy equipment stored in anticipation of a new energy rush fueled by the Mackenzie gas project. Depressed natural gas prices and ample supplies closer to major markets have prompted lead partner Imperial Oil Ltd. to put that on hold.
This fall, Imperial began the regulatory process for a potential drilling program on its acreage in the Beaufort Sea, along with partners Exxon Mobil Corp. and BP PLC. Drilling may not start until the end of the decade, but the all-weather road will be a boon when operations start.
The highway is not being constructed just for industry.
According to a report prepared for the government of the Northwest Territories, it is expected to cut the overall cost of living in Tuk by $1.5-million a year and boost the gross domestic product of the region by $330,000.
Tourism spending, meanwhile, is projected to increase by $2.7-million per year, as travellers with a taste for the North’s romanticism will come to “dip their toe in the Arctic Ocean,” as locals are fond of saying.
Mr. Gruben, along with other leaders in the region, including Nellie Cournoyea, CEO of the native-owned Inuvialuit Regional Corp. and a former NWT premier, and MLA Jackie Jacobson, had pushed for the link for years. They say they helped to convince Prime Minister Stephen Harper that it would not only offer big economic benefits, but also contribute to Ottawa’s push for Arctic sovereignty. Ottawa is funding $200-million of the $300-million total cost.
The road requires special construction methods aimed at protecting the all-important permafrost that will give it stability all year. This is key with climate change already bringing risks to the all-important frozen layer. Crews find a nearby gravel source which they unlock by drilling and blasting, then haul in enough to lift the road 1.8 metres above grade level.
“The whole design is so that the bottom layer of the gravel will not melt into the tundra, so the bottom core will stay frozen,” said Russell Newmark, CEO of E. Grubens Transport Ltd., the project’s contractor.
In conventional road construction, dips in the landscape can be filled and bumps shaved by heavy equipment, something that can’t be done for a thoroughfare across the fragile permafrost, Mr. Newmark said.
“It’s a totally different methodology for building a road,” he said.
For industries such as energy and construction, the highway will lower costs in a region that has always meant expensive and tricky logistics, said Floyd Roland, mayor of Inuvik, a town of 3,500 people. Mr. Roland is also a former NWT premier.
“What would normally take you a year in Alberta, would take you three years up here because you’ve got three months of winter road to work with. So, you’ve got to spend money up front and then your product sits there waiting for the season so you can get it up and build it,” Mr. Roland said.
Mr. Gruben said the link represents the first stage of growth for his town as it becomes a destination for both industry and tourism. “In five or six years it will definitely be a bigger community. I’ve always said that some day we’ll be as big as Inuvik, and maybe even some day as big as Yellowknife,” he said. “All the stuff has come together at the perfect time. You have the offshore, you have the oil and gas exploration, you have sovereignty.”
http://www.theglobeandmail.com/report-on-business/breakthrough/dream-of-a-road-to-the-arctic-ocean-takes-shape/article16004108/
Request for Letters of Interest for North Slope Liquefied Natural Gas Plant:
Natural gas feedstock source – AIDEA is working with at least two stakeholders that have gas supply contracts to provide natural gas feedstock for producing the liquefied natural gas wholesale commodity.
December 7, 2012
Page 3 of 4
http://www.aidea.org/Portals/0/AIDEA%20Documents/AIDEASolicitationforNorthSlopeLNGProject.pdf
Alaska LNG can overcome challenges, ExxonMobil executives say
November 21, 2013
Steve Butt, an ExxonMobil executive leading the Alaska LNG team, said his group is working to reduce uncertainties in the project and whittle the cost estimate to the lower end.
"Our role is to get to $45 billion, we don't like $65 billion," he said, adding that natural gas is simply a commodity and that price is key to buyers.
Butt noted that the team he leads represents the first time that all three major North Slope producers — ExxonMobil, ConocoPhillips and BP — have worked together with an experienced northern pipeline operator, TransCanada, on a project to move North Slope gas to market in the four decades since the Prudhoe Bay oil and gas discovery.
Butt described for the audience of several hundred people — mostly Alaskan business people and policy makers — the details of the LNG project as defined in its early stages:
• Produce about 3.5 billion cubic feet of gas a day from the Prudhoe Bay and Point Thomson fields.
• A massive gas treatment plant to cleanse the gas of about 400 million to 500 million cubic feet a day of carbon dioxide. The treatment towers will be 120-feet tall and 28-feet wide, with 1-foot-thick steel walls to contain the high pressures of treatment. About 12 percent of Prudhoe's gas is CO2.
• An 800-mile, 42-inch diameter buried pipeline, with eight compressor stations to move the gas and keep it chilled. Among the challenges will be operating a buried chilled-gas pipeline without disturbing discontinuous permafrost where the soils are alternately frozen and unfrozen, traversing the narrow and steep Atigun Pass in the Brooks Range, and spanning the Yukon River. Crossing the Susitna River and crossing Cook Inlet in Southcentral Alaska to reach the LNG plant on the Kenai Peninsula will be easier tasks, Butt said.
• The plant at Nikiski, featuring three liquefaction trains — or manufacturing lines — LNG storage tanks and two tanker berths on Cook Inlet than could accommodate a ship every two days on average. The team continues to study the ice and strong tides on Cook Inlet and "we have a lot of confidence we can make this work," Butt said.
http://www.arcticgas.gov/alaska-lng-can-overcome-challenges-exxonmobil-executives-say
Imperial Oil puts Mackenzie Valley pipeline on hold
http://www.cbc.ca/news/canada/north/imperial-oil-puts-mackenzie-valley-pipeline-on-hold-1.2470985
Imperial Oil has announced it will not go ahead with the Mackenzie Gas Project, as the market conditions are just not good right now, says a company spokesman.
Imperial Oil had to give its decision on the construction of the pipeline to the National Energy Board by the end of 2013. The company was also required to provide an updated cost estimate.
But Pius Rolheiser, spokesman for Imperial Oil, says no construction doesn't mean the project is dead.
"I would emphasize that the approval, the certificate of public convenience and necessity that was issued to Imperial, continues to be valid and allows for activities to be ramped up should conditions change and as conditions change," he said.
Imperial Oil has until 2015 to start construction on the pipeline and gas fields in the Mackenzie Delta, otherwise it will have to go through another review.
Imperial has also released new estimates for the cost of the project.
Rolhieser says higher labour and material costs have now bumped up the price tag of the whole project to more than $20 billion from around $16 billion.
I don't understand how the sec allows these crooks to steal our money with no repercussions.
Doing nothing is an understatement, not even one single update since being delisted.
APEX management wtf you all are robbing your shareholders. Get relisted we've waited long enough! Have some dignity instead of just doing nothing and stealing from the people that supported your company.
Very good.
Northwest Territories Premier Bob McLeod discusses the potential impacts of the Northwest Territories Devolution Act in Ottawa, Tuesday. iPolitics/Matthew Usherwood
http://www.ipolitics.ca/2013/12/04/devolution-bill-paves-the-way-for-a-revived-mackenzie-valley-pipeline/
Devolution bill paves the way for a revived Mackenzie Valley pipeline
By James Munson | Dec 4, 2013 7:41 am |
The Northwest Territories will win the power to regulate onshore oil and gas pipelines in a bill presented to Parliament on Tuesday, giving new life to the defunct dream of a Mackenzie Valley pipeline.
Bill C-15, the Northwest Territories Devolution Act, will allow the territorial government to begin collecting royalties on mining, forestry and onshore oil and gas projects if turned into law.
The bill will rewrite the territory’s foundational act, known as the Northwest Territories Act, and include a new section that transfers the power to regulate oil and gas pipelines from the federal to the territorial government as long as they remain onshore.
While a natural gas pipeline from the Beaufort Sea to Alberta received approval in 2011 from the National Energy Board after decades of uncertainty, a shale oil exploration boom in the territory’s southern Sahtu region — as well as Alberta oil products currently locked in by opposition to pipelines through B.C. — could become a source for an oil pipeline heading north to the Arctic coast.
Premier Bob McLeod, who was visiting Ottawa Tuesday to see the bill’s launch, included the Mackenzie Valley pipeline as one of the major economic projects that would be enabled by C-15.
“By 2020, our GDP will double,” said McLeod, sitting in the offices of the Earsncliffe Strategy Group. “There will be nine mines in construction or operating. We expect that the Sahtu oil and gas play will be in operation and we still expect the Mackenzie Valley pipeline to go ahead.”
The bill is expected to bring the territory $65 million in royalties annually starting five years from the day the bill comes into force, said McLeod.
It won’t change the territorial financial transfer — the $1.1-billion economic lifeline Ottawa sends to Yellowknife each year to keep public services humming, he said.While the act would make Northwest Territories more like a province because it would begin to receive royalties, it would be significantly different for two reasons. The territory will only collect 50 per cent of the resource royalties and will be capped once the total amount reaches five per cent of the territorial government’s gross expenditures, said McLeod.
Superboard
Aside from the devolution of these powers to the territory, the bill’s features a second historic pillar — the creation of a pan-territorial regulator for industrial projects. It’s a significant reform given the current patchwork of land and water boards set up by the various First Nations and Inuvialuit governments in the territory.
But the so-called ‘superboard’ — as it’s been nicknamed — won’t completely resolve the multi-jurisditional nature of resource regulation in the Northest Territories and the hindrance it creates to investment.
Some of the regional land and water boards will continue to exist. To bring First Nations onside, the superboard will feature regional panels that will take input during a project’s review.
The Northwest Territories also faces a unique problem in that it has First Nations that signed numbered treaties with Ottawa during the early part of the 20th century and others who have modern land claims. The issue is that the territorial devolution process — of which the superboard is indirectly a part — requires finalized land claims for it to work properly.
As long as those First Nations are not clear on their legal situation, they are reticent to sign onto devolution and the superboard, said McLeod.
“When we meet with them to ask them why won’t they sign on, they say we can’t sign onto devolution because the whole premise of devolution is based on land claims and modern treaties,” he said. “They don’t agree with the written premise of the (numbered) treaties. They say their elders told them they didn’t give up any land.”
The federal government performed the consultation for the creation of the superboard, but McLeod expressed optimism that all First Nations and the Inuvialuit could be singing the same tune in five years when the provisions of C-15 come into play.
Imperial must have 6000 permits in hand to prove its intentions are genuine. I strongly believe that Imperial already had those permits ready to go in 2012 and that was one of the reasons they closed down their Norman Wells and Fort Simpson offices. I found it highly unlikely that a company like Imperial would sit idly by and not be proactive during those long years of environmental review. I found a newsletter in 2008 that clearly indicates that the biggest permit for water crossings is already complete - 3000 pages long with 600 maps. Imperial is GOOD to Go and we'll get the official word next month!!!
Another Permit Wrapped Up
While the environmental Joint Review Panel hearings were proceeding, MGP’s Pipeline Regulatory Manager Jim Hawkins, and his team of regulatory specialists were completing thousands of permit applications for the project. These applications cover a variety of facility and infrastructure requirements for project work; everything from watercourse crossings by pipelines and roads to barge landing sites, work camps and airstrips.
Commenting specifically on the watercourse crossing permit applications, Jim reflects that “this work could be seen as a valuable textbook on watercourse crossings for years.” The Type B Water License application, filed with the Mackenzie Valley Land and Water Board, includes 3,000 pages in six volumes and features over 600 maps, with hundreds of preliminary design drawings for the watercourse crossings.
The regulatory team used a combination of knowledge from northern residents who understand the land and from various environmental and scientific
consultants to weigh potential impacts. “This was by far the largest and most complex of all regulatory permits filed,” he explains.
To view the Mackenzie Valley Type B Water License Application submission, go to the Mackenzie Gas Project website at www.mackenziegasproject.com. Paper copies can be viewed at the Mackenzie Valley Land and Water Board office.
http://www.mackenziegasproject.com/moreInformation/upload/MGPNewsletter_2008_Final.pdf
Point Thomson: Will 22nd development plan be the charm for Exxon?
November 18, 2013
Point Thomson, primarily a gas field, sits to the east of the better known Prudhoe Bay field. Point Thomson is approaching production after years of sometimes bitter struggle with the state of Alaska.
Long the bad boys of the oil and gas industry in Alaska, Exxon Mobil is making progress on one of the most important developments in the state, a long-fallow natural gas field that appears to be quietly moving ahead as other big projects struggle.
Dubbing its Point Thomson project a "new era" for Exxon in Alaska, the long despised oil giant -- infamous for the Exxon Valdez oil spill in 1989 and for years of bitter litigation against fishermen and the state -- has already spent some $1 billion getting the remote gas field ready for development, an executive said.
Exxon's history at Point Thomson, a huge natural gas field containing a quarter of the North Slope's massive reserves, is another reason the company has been hated by many Alaskans. Exxon had dragged its feet on development for years, forcing the state to sue in an attempt to take back the leases.
Related:
Was Point Thomson settlement as good for Alaska as for Exxon Mobil?
Former Gov. Cowper on Exxon Valdez: 'We couldn’t just throw in the towel'
The 2012 settlement that resulted, and the work that has taken off in the past year, comes on the heels of 21 other development plans that were scrapped by Exxon over more than three decades.
The work happening now represents important milestones, including that this field will be the first Exxon-operated field in Alaska, said Karen Hagedorn, the company's production manager in Alaska. Also, it's the first time a field containing primarily natural gas -- not oil -- is being developed on the North Slope.
Where other big Alaska natural resource projects are struggling -- from the embattled ore prospect called Pebble to Shell's oil exploration in the Arctic Ocean -- Exxon is opening up a new development front some 60 miles east of Prudhoe Bay on the edge of the Arctic National Wildlife Refuge.
"It really represents a strategic next step for Alaska," said Hagedorn, speaking at the Anchorage Chamber of Commerce luncheon on Monday. With an attractive investment climate, it will set the stage for large-scale natural-gas production and provide infrastructure useful for other developments.
The state believes Point Thomson contains 8 trillion cubic feet of natural gas, making the project a critical part of the proposed 800-mile-long pipeline that Alaskans have long sought so the gas can be sold overseas. The 150-square mile unit, located onshore and in the Beaufort Sea, also contains about 200 million barrels of condensate.
So far, the plans at Point Thomson are small, with Exxon planning to strip liquid condensate out of natural gas, then reinject the gas back into the ground. Initial plans call for 10,000 barrels of condensate to be shipped into the trans-Alaska oil pipeline per day. That condensate will be counted as oil, slightly increasing the state's dwindling oil production that's currently about 540,000 barrels per day.
The condensate production is supposed to begin in early 2016. With the agreement between the state and Exxon calling for at least 30,000 barrels of condensate production, and Exxon building a pipeline that can handle 70,000 barrels of condensate daily, the production could grow.
But the project is technically and economically challenging because the gas under the ground is highly pressurized.
Some highlights of the project so far:
• Exxon has contracted with more than 65 Alaska companies and hired more than 1,000 Alaskans, including more than 500 working at the site at a single time last summer.
• Doyon Associated has installed about 2,300 vertical support members that will carry a 12-inch pipe some 22 miles so it can be tied into the trans-Alaska pipeline network.
• Alaska Frontier Constructors is currently in the lead contracting role, and has built such things as a 5,600-foot airstrip that can now take large cargo planes, a pier to handle barges, and opening up a gravel mine in the tundra.
• Camps have been installed to handle more than 600 workers, and four huge tanks holding some 2 million gallons of diesel fuel help power the operation.
This winter, plans call for the construction of the 22-mile-long pipeline as well as 5 miles of smaller, gathering pipeline. Some 50 miles of ice road will be built to facilitate that work. Also, Exxon plans to build 70 square miles of gravel pads to support the two pads where drilling will eventually occur.
Things start to get "really interesting" next winter, said Bryan Johnson, construction manager for Exxon. In early 2015, a drill rig capable of conducting directional drilling will arrive at the two well pads.
In late summer 2015, Exxon plans to ship in 12,000-ton production modules that are currently being built by Hyundai Heavy Industries in Ulsan, South Korea, Johnson said.
"It will take several months to get those things up and running," he said. The production modules will play the key role in stripping the condensates out of the gas.
The field's first class of long-term operators has also been hired and has received about six months of classroom training, said Hagedorn. They are 11 Alaskans fresh out of technical schools, from places such as Barrow, Fairbanks, Homer, Kenai and Soldotna.
"We are calling them the class of 2013," she said.
A couple of weeks ago they started an on-the-job training rotation at an Exxon high-pressure gas facility in Mobile Bay, Ala.
"They're a great group of people and really energetic and excited," she said.
http://www.alaskadispatch.com/article/20131118/point-thomson-will-22nd-development-plan-be-charm-exxon
Alaska LNG can overcome challenges, ExxonMobil executives say
Release Date: November 21, 2013
Steve Butt, an ExxonMobil executive leading the Alaska LNG team, said his group is working to reduce uncertainties in the project and whittle the cost estimate to the lower end.
The team also is doing advance work for federal and state permitting, with the 2014 field work crew totaling about 300 people — more than double the 2013 number — and spending more time in the field, Butt said.
Guerrant noted the rising costs of LNG projects. A new LNG development costs $20 billion on average, four times the cost during 2001 to 2010, he said. (The long pipeline and Arctic construction costs add to the Alaska price tag.)
"Still, we think Alaska can be economically viable," Guerrant said.
"This time it's different" from past starts and stops of North Slope gas projects, Butt said.
http://www.arcticgas.gov/alaska-lng-can-overcome-challenges-exxonmobil-executives-say
2 YEAR MARK AND ALMOST 1 MONTH HAS PAST SINCE COMPANY VOLUNTARILY STOPPED TRADING. thoughts- suggestions anyone ??
Fishin, the million dollar question is what about the 6000 permits that Imperial needs to file before they can break ground? Are we still talking about Dec 2013? If so, the staff at the Inuvik office must be burning midnight oil right now. I'll try to dig around.
The main forces behind this burst of activity are price and timing. Imperial has to report to the NEB on its decision to construct the pipeline by the end of this year and must provide an updated cost estimate. It has to start construction by the end of 2015.
http://www.cbc.ca/news/politics/mackenzie-valley-pipeline-facing-possible-revival-1.2224291
Thanks for the post, there are good things happening up north, lets hope they continue that way so one day we all can reap the benefits, good luck to you in your plays!
Although I’m not a shareholder of APXR I do have share your pain of stranded northern gas through my shares of MGM Energy and International Frontier. I just thought I’d pass along an encouraging link to the Yukon Gov’t website. They took Imperial’s statements about a possible MVP revamp so seriously they posted their first update on the MVP in YEARS!! A glimmer of hope for all us long suffering investors in the North.
www.emr.gov.yk.ca/oilandgas/mgp.html
The Yukon Government supports the development of the MGP and the approval of the project by the National Energy Board (NEB) and federal government.
On January 6, 2010, the NEB requested the parties submit comments on the Joint Reveiew Panel (JRP) recommendations. In March 2010, the NEB sent the JRP proposed modifications to its recommendations.
In the original MGP application, Yukon was largely ignored and left out of the project. As a result of its intervention and participation in the NEB regulatory process, Yukon is now a recognized stakeholder in relation to the project. Yukon’s potential, both in terms of manpower and reserves, is well known and established. Should the project proceed, Yukon now has much to gain in terms of jobs, training, business opportunities and giving Yukon natural gas resources an opportunity to get to market.
The MGP pipeline, largely backed by Imperial Oil, with other partners Royal Dutch Shell PLC, ConocoPhillips, Exxon Mobil and the Aboriginal Pipeline Group (the proponents), won National Energy Board approval in 2011.
However, the proponents cut spending on the project in April 2012, due to poor market conditions created by the rapid development of low-cost shale gas reserves, and the lack of a deal with Ottawa on billions of dollars in fiscal support.
Recent Developments
Imperial Oil Ltd. announced in October 2013 that it is looking at a major revamp of the MGP that would see the stalled northern venture reborn as part of an expansive liquefied natural gas development.
Imperial says a shift to LNG is under serious consideration as the Mackenzie pipeline’s economics remain weak due to the flood of cheap shale gas across the continent.
The proponents are nearing a deadline to provide regulators with an updated cost estimate and progress report on a decision to move forward on the long-delayed plan to send gas to North American markets via a 1,196-kilometre pipeline.
They have until December 2015 to act on their Certificate of Public Convenience and Necessity.
Benefits
There are potential significant benefits to the Yukon:
• The pipeline would help us ensure Yukon's gas reserves in the northern basins are not stranded.
• Employment and business opportunities for Yukoners
• Employment for Yukoners in service, transportation, natural gas exploration and other areas.
November 4, 2013 at 7:42 PM From Mackenzie River
Feds dust off Mackenzie pipeline fund to give minister control
After years of sitting untouched, the socioeconomic fund intended to offset the impacts of the Mackenzie Valley pipeline on Aboriginal communities in the NWT recently made an appearance in a federal bill meant to amend who is in charge of the money.
Stuffed into yet another omnibus bill, the amendments to the Mackenzie Gas Project Impacts Act propose putting the federal minister in charge of administering funds set aside by the former Liberal government to deal with potential impacts from a pipeline down the valley.
The trust fund of $500 million was established as a way to garner support from the territory’s Aboriginal groups, and was intended to be divided among the communities, regions and organizations along the pipeline route.
According to the funding framework, $150 million is allocated for the Dehcho region, $82 million for the Gwich’in, $61 million for Tulita and Deline, $150 million for the Inuvialuit and $57 million for the Fort Good Hope-Colville Lake region.
The sums were to be distributed over 10 years once the gas project had been approved, and were designated clearly for projects designed and developed by the communities to address concerns about impacts of the $16-billion pipeline project on the land and traditional livelihoods.
An independent corporation was established to manage the funds and ensure money would flow to regional organizations only for projects intended to mitigate the socioeconomic impacts of the pipeline.
With the proposed bill, that could all change, prompting Western Arctic MP Dennis Bevington to question the need for the sudden shift when the pipeline project has been moribund going on a decade.
He said the proposed change – done without consultation with the Aboriginal groups who spent two years developing the fund – raises concerns about accountability and transparency.
“What we have now is a move to a system that would have a Conservative minister handing out cheques for particular projects as he or she deems appropriate,” he said in the House of Commons last week.
Bevington said the corporation, which was impartial, would have been free from potential political interference and instead follow the directions of the communities. He said he is worried the money may now go to the wrong areas.
“What we have is a $500-million fund that has now been cut loose by the government of Canada, by the Conservative government of Canada, into the hands of a minister. It may or may not work in the way that it was designed to work.”
http://norj.ca/2013/11/feds-dust-off-mackenzie-pipeline-fund-to-give-minister-control/
2 YEAR MARK has come and gone since shareholder trading was ceased. Would be a good time to consider the current situation independently of industry events or news.
Does a great job keeping everyone updated but that will not make this stock trade again. Run by people who do not care. Last 20 years have been like this. Sad but true!
Mackenzie Valley pipeline facing possible revival
Revival of $500M fund signals renewed interest in project - and possible new route
Oct 25, 2013
There are growing signs that the stalled Mackenzie Valley pipeline project could get a new lease on life.
The federal government has quietly dusted off a $500-million socio-economic fund that would kick in if the project goes ahead. The Mackenzie Gas Projects Impact Fund was set up in 2006 but has remained dormant. It was included and updated in this week's budget implementation act.
The fund is not operational yet, but the timing means it's ready to go if construction starts on the pipeline.
Eyeing the Asian market
"So in our assessment of a potential LNG project, one of the things we are looking at is, could gas from the Mackenzie Delta play a role in an LNG scenario?" said Rolheiser in an interview from Calgary. "But at this point we are in the early stages and we have not made any decisions on that."
The main forces behind this burst of activity are price and timing. Imperial has to report to the NEB on its decision to construct the pipeline by the end of this year and must provide an updated cost estimate. It has to start construction by the end of 2015.
And there is a growing market in Asia for liquid natural gas. While Rolheiser emphasizes that a decision has not been made, a source close to the project says the LNG option is very much in play.
"We are looking at all options here and there is more than one option for this pipeline," said the source.
http://www.cbc.ca/news/politics/mackenzie-valley-pipeline-facing-possible-revival-1.2224291
Imperial Oil weighs Mackenzie gas project revamp
Thursday, Oct. 17 2013, 7:58 PM EDT
Imperial Oil Ltd. is looking at a major revamp of its Mackenzie gas project that would see the stalled northern venture reborn as part of an expansive liquefied natural gas development, the company’s chief executive officer says.
A shift to LNG is under “serious” consideration as the Mackenzie pipeline’s economics remain weak due to the flood of cheap shale gas across the continent, chief executive officer Rich Kruger said in an interview at the company’s Calgary headquarters.
Imperial and its partners in the Mackenzie pipeline plan are just a couple months away from a deadline to provide regulators with an updated cost estimate and progress report on a decision to move forward on the long-delayed plan to send gas to North American markets via a 1,196-kilometre pipeline.
“We’ll put our filing in as required on it, but I think the biggest thing is, you look at the North American gas market and it has not fundamentally changed over the last few years, so we’re looking at, what are the best options? What other options might we have?” Mr. Kruger said.
“We’ll also look at how Mackenzie could perhaps figure in to an LNG project over time. Whereas originally the thought was a pipeline serving the Canadian and Lower 48 [U.S. states] markets, we’ll look at how it might play into a bigger plan,” he said.
The company cut spending on the $16.2-billion Mackenzie pipeline proposal in April, 2012, blaming poor market conditions and the lack of a deal with Ottawa on billions of dollars in fiscal support. The project’s economics collapsed as markets were transformed by rapid development of low-cost shale gas reserves located much closer to consumers.
Imperial, one of Canada’s largest and oldest corporations, is already examining LNG options for its gas reserves in the Montney and Horn River areas of northeastern British Columbia. Imperial and its partner and majority owner, Exxon Mobil Corp., have applied for an export licence and are considering a liquefaction plant in either Kitimat or Prince Rupert, B.C.
It’s unknown whether shifting Mackenzie gas to an LNG strategy might still require a pipeline to a Western Canadian location where it could flow to a liquefaction plant on the Pacific Coast, or a shorter one to a facility on the northern coast. A decision is unlikely soon.
“The work is still going on. For an LNG project, to make sure you have the most robust, competitive project, one of the keys in it is: do you have a low-cost upstream supply? So we’ll be looking at, with that gas, what will it take to move it? What gas would it compete with for an LNG supply?” said Mr. Kruger, who took the helm at Imperial in March. “There’s still more work to be done, but it’s not out of the question. It’s something we will take a serious look at.”
LNG is seen as the next big opportunity for Canada’s energy sector as it seeks to attract international prices high enough to accelerate development of the country’s vast shale gas reserves. Activity has been tempered by low North American prices.
Mr. Kruger is no stranger to LNG, having worked on such gas export projects in Qatar, Papua New Guinea and Indonesia for Exxon Mobil. He cautioned that they are fraught with more political and economic complexity than most energy projects and routinely move at a slower pace as well.
He also worked on the Alaska gas pipeline proposal for eight years. The much larger plan, with nearly 3,000 kilometre of pipe estimated to cost $40-billion (U.S.), had once been seen as a competitor to the Mackenzie project for manpower and markets. That consortium has changed its tack to concentrate on LNG exports from a port in the southern part of the state.
The Mackenzie pipeline, whose other partners are Royal Dutch Shell PLC, ConocoPhillips, Exxon Mobil and the Aboriginal Pipeline Group, won National Energy Board approval in 2011 following an epic, seven-year review, stoking optimism in the Northwest Territories that Mackenzie Delta gas reserves discovered in the 1970s could finally be developed, prompting much-needed economic activity.
As delays persist, the territorial government has shifted attention to the burgeoning Canol oil shale play in the central Mackenzie Valley. Imperial Oil has also raised hopes of a future offshore push, filing the initial documents last month for drilling in Beaufort Sea acreage by around the end of the decade.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/imperial-oil-weighs-mackenzie-gas-project-revamp/article14918587/?cmpid=rss1
I recently saw again one of my favorite movies
Once upon a time in America. Unfortunately those times are gone. Otherwise I would send them some guys with baseball bats for a visit...
It's been a few months. I've been told the phone will ring if something good comes up. Maybe it was a polite way to say 'buzz off' (IMO). I'd rather this though then false hopes. Wish I had a better reply.
Cheers.
Have you been able to contact the company at all? I know you have had success contacting them in the past, but with things heating up in the industry, I have to wonder what the company is doing, they need to at least update us with something! Thanks
Imperial Oil leads push to drill deep in Canadian Arctic
Sunday, Sep. 29 2013
Major energy companies led by Imperial Oil Ltd. have applied to drill for crude in the Beaufort Sea, targeting an area that could require operations in the deepest water yet for the industry in the Canadian Arctic.
Imperial, Exxon Mobil Corp. and BP PLC filed a project description with regulators this month as a first step in the proposed drilling on two jointly held licences about 175 kilometres northwest of Tuktoyaktuk, NWT.
“This would certainly be the farthest offshore, and deepest, that Imperial has ever drilled in the Beaufort,” Imperial spokesman Pius Rolheiser said in an interview.
It is too early to estimate what it might cost to drill wells on the ocean floor blocks, known as Ajurak and Pokak, where water depths can reach 1,500 metres, Mr. Rolheiser said. Early indications are that the partners would use a floating drill ship, according to the document.
Under the current schedule, drilling could start before the end of this decade. Imperial and Exxon each have 25 per cent of the venture, and BP the remainder.
Of the 92 wells drilled in the Beaufort to date, none has been under more than 68 metres of water, according to a development forecast prepared last year for Aboriginal Affairs and Northern Development Canada.
The companies pooled their Beaufort acreage in 2010 as offshore drilling came under intense scrutiny following BP’s Macondo rig explosion and oil spill in the Gulf of Mexico. The disaster prompted Canada’s National Energy Board to conduct a sweeping review of its offshore regulations.
A return to offshore drilling would bolster the NWT’s economy, which has failed to meet expectations as the $16.2-billion Mackenzie Valley natural gas venture ground to a halt due to the shift in North America toward shale resources located closer to market.
“This is the first step in the process, and we understand that,” said David Ramsay, the NWT’s Industry, Tourism and Investment Minister. “We’re anxious to see where we can get this ... we’re excited about the future when it comes to offshore.”
Some analysts have suggested that Arctic drilling will be made easier by longer seasons of open water due to global warming. This month, a 225-metre, ice-strengthened ship loaded with B.C. coal bound for Finland became the first bulk carrier to voyage through the fabled Northwest Passage, showing how sea conditions have changed.
Each of the joint venture’s wells is expected to take at least two years to drill, with about a 120-day operating season per year, Imperial wrote in its project description. Imperial filed the document with the Environmental Impact Screening Committee for the Inuvialuit Settlement Region and National Energy Board, the first part in a long regulatory process.
The last well drilled in the Canadian Beaufort was Devon Energy Corp.’s Paktoa C-60 in 2005 and 2006. Devon discovered 240 million barrels of oil, but has not developed the find.
One potential sticking point could be the NEB’s regulation that operators must plan for the drilling of a single-season relief well should there be a blowout. The board said it is open to alternatives, should they be proven effective.
Mr. Rolheiser said any such provision would be spelled out in future applications for specific wells.
http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/major-oil-companies-apply-to-drill-deep-in-canadian-arctic/article14596797/
It is too early to estimate what it might cost to drill wells on the ocean floor blocks, known as Ajurak and Pokak, where water depths can reach 1,500 metres, Mr. Rolheiser said. Early indications are that the partners would use a floating drill ship, according to the document.
http://www.imperialoil.ca/Canada-English/Files/PIP_Beaufort_Sea_Explor_JV_with_Cover.pdf
http://www.nwtchamber.com/sites/default/files/OIL%20%26%20GAS%20-%20Imperial%20-%20Beaufort%20Drilling.pdf
http://online.wsj.com/article/SB10001424052748703999304575399713494644670.html
(Maybe it's finally coming, fingers crossed!)
Oil companies seek to drill in deep Beaufort Sea
Imperial Oil Canada, Exxon Mobil and BP jointly file for Arctic offshore drilling
The Frontier Discoverer drilling rig shown at Dutch Harbor, Alaska, in 2007. Imperial Oil Canada, Exxon Mobil and BP have jointly filed an application to drill at least one well in the Beaufort Sea 125 kilometres northeast of Tuktoyaktuk, N.W.T. (Shell Exploration & Production/Associated Press)
Imperial Oil Canada, Exxon Mobil and BP have jointly filed an application to drill at least one well in the Beaufort Sea 125 kilometres northwest of Tuktoyaktuk, N.W.T.
The project description Imperial Oil has submitted says they are planning to drill one or more wells in unspecified locations on two exploration licences and they will drill between three and six kilometres into the sea floor.
The almost 500-page-long project description doesn’t say how much it would cost to drill in the deep Beaufort but the partners won the rights to explore the area by pledging to spend a total of $1.7 billion.
“We’re looking for . . . people call them elephants in the rest of the world, I’m calling it a whale because it’s in the Beaufort Sea,” said Sherry Becker with Imperial Oil Canada.
Communities in the region are still suffering from the collapse of Imperial’s plan to build a gas pipeline down the Mackenzie Valley.
Their economies are tied to the booms and busts of oil and gas exploration. Many still remember the last offshore boom, in the ’70s and ’80s.
“When that activity was happening, this community was growing, and it sure lowered costs to government,” said Floyd Roland, mayor of Inuvik. “In the sense of, right now with the economy so low, there’s more people who line up at the income support office, there’s more people whose rents have gone down based on their income at the housing office.”
Those wells were drilled in water depths of less than 70 metres. The area now being eyed runs to depths of 1,500 metres and has never been drilled before.
“Part of our challenge in moving this project forward is assessing, evaluating and mitigating, dealing with the challenges of drilling a well in this part of the Canadian Beaufort,” said Pius Rolheiser with Imperial Oil Canada.
Chief among those challenges is ice. Imperial estimates ice conditions are manageable for only four months of the year, but that can vary dramatically from year to year.
The joint venture is hoping to get regulatory approvals within three years.
“Because we may have to construct vessels, we may have to alter existing vessels so they’re ready for the Beaufort Sea,” said Sherry Becker with Imperial Oil.
“That will take three to four years, and that takes us from early 2016 to 2020, when our licence expires, so we have to start drilling in that year.”
That means the soonest the drilling can happen is in about six and a half years but it’s by no means certain that this project is going to move ahead even if it is approved by regulators.
Imperial and its partners shelved the Mackenzie Gas Project after spending hundreds of millions of dollars getting approvals.
This was on the front page of Fox News:
http://www.foxnews.com/us/2013/09/20/boom-in-natural-gas-production-sends-us-shipyards-into-overdrive/
They will need these to ship to other markets for our money, could it be that some of these tankers are destined for NW? Especially considering the way that ships traveling the arctic has uptick so much lately, it only makes sense for these ships to be used there. Obviously most of these may go to other markets and regions, but it does bring more hope.
Whether or not we are trading isnt as important, Im here for a buyout, I suspect that if drilling does occur that we will be bought out before the first well is drilled, we dont need to be trading to get my portion of the prize. This will happen, the question is when, especially considering the government commitments like spending 600 million dollars on roads, that is pretty huge! Good things will come here, it just may take another year or two. Just when you think this thing is dead.... :)
But this year, something incredible happened and the planets appear to be lining up for the Northwest Territories.
http://opinion.financialpost.com/2013/09/20/canadas-last-frontier-needs-new-message/
Now if the filings were updated and we were trading .... fingers crossed but I'm not holding my breath (I've passed out too many times already).
It looks like Alaska and NW territories do not want to see this opportunity go away, they all want it, they just need to convince the oil companies. Lets hope and pray this one works out.
Alaska signs agreement that could provide financing options for mega natural gas project
September 11, 2013
http://www.alaskadispatch.com/article/20130911/alaska-signs-agreement-could-provide-financing-options-mega-natural-gas-project
I dont think this one is over just yet, take a look at this:
Ship transit through the Bering Strait, the gateway from the North Pacific Ocean to the Arctic, more than doubled between 2008 and 2012. And as of this week 495 ships had received permission to travel Russia's Northern Sea Route this year up from zero just five years ago. Some experts predict that by 2030, the route will carry a quarter of all trade between Asia and Europe. Others are skeptical that harsh and costly crossings of the Arctic will ever compete with southerly routes for shipping cargo, but they see ship traffic increasing nevertheless as nations seek to reap newly accessible resources—oil, natural gas, minerals, and fish—at the top of the world.
It is easy to see that a market for Arctic ship travel is dramatically increasing, and as it increases there is hope for the beaufort sea. They may not get the pipeline, but they may be able to ship it all to asia.
And according to this link that number of boats traveling the russian arctic has continued its trend upward towards 508 ships. http://www.nsra.ru/en/razresheniya/
If this continues manufactures will produce more robust ships, and the trend will continue to grow as the market evolves. Time will tell. But it is not a rosy picture here, though I believe there is a glimmer of hope.
There is hope, but when push comes to shove no one is really committing to the Northwest. That is the problem, but there are definately other ways to get the oil and gas to market. Pipelines are cheaper, but asia oil and gas prices are higher. I have read that this is what some companies are considering if the pipeline indeed falls through. Time will tell, odds are this may not go anywhere, but that is why we buy penny stocks, so much risk, so much potential, so much failure! :)
I disagree with you Fishin!! I hold plenty of ill will against the company and everyone involved in it. They are crooks and left all the share holders out to dry. They should have been relisted a long time ago but instead they chose to steal our money and hide like cowards. I don't know why we didnt form a group to take action against the people in the company. I'm sure they are all living very comfortably and I know they have assets that could have been frozen until a decision or settlement was reached.
Thanks Investwell for still taking the time to drop a line from time to time. I read an article recently that said the Mackenzie Pipeline will be abandoned by all the partners before the end of the year, but have also read other articles suggesting other alternatives to access the reserves. I hold no ill will against Apex for not accessing the reserves, as they are a minor partner and are just along for the ride. But they could at least address the shareholders and lay it on the line, good or bad.
Also, I want my money back.
Cheers.
With an estimated seven billion barrels of potentially recoverable oil reserves and 81 trillion cubic feet of gas, the territory is moving forward with a $600-million plan to upgrade roads, bridges and ports in the next decade in an effort to reduce costs for resource companies operating in the remote region.
“We will be in Ottawa soon shopping that plan around,” David Ramsay, the N.W.T.’s industry minister, said Monday in an interview from Yellowknife, where energy and mining ministers from across Canada are gathering this week for their annual meeting. The territory has discussed funding agreements that would see Ottawa cover between 50% and 75% of the total infrastructure tab, the minister said.
If you are not a PUBLIC Trading company, then you are a private company that can sell shares to accredited investors. If you are not sure what this means, please look it up. There are qualifucations that are suppose to be followed!! There has been no movement on the working interest partners on the ITIYOK I-27 WELL (SDL #55 at this time.
Thank you
Best of Luck to ALL
This obviously turned out to be a scam.
Duchamp
Website is back up:
http://www.apexresourcesgroupinc.com
I notice it now says, "A private oil and gas company"
WELCOME TO APEX RESOURCES GROUP INC.
A Private Oil & Gas Investment Company
When will an update come?
It doesn't mean squat, but thanks to the website designer for donating the time and effort.
At least some sign of movement. Lets wait and see if it means something that the website is back up again...
I do find it odd the same day the website is back up, the value in my Etrade account is now at zero again. Something going on, hope it is all good. Lets just hope this sickening display of communication ends soon.
I am sorry for any investors of APEX! As I said before the only hope I believe is that another oil company will buy apexs' share of the well and the shares Apex issued will go with the sale, the only thing of concern is that the new company could consolidate the shares. As a private company Apex can still sell shares! but legally only to accredited investors. Lets see what happens, there is recent interest in the pipeline and groups of governments and companies really want to take things forward. I believe the NEB is handing over the duties to individual provinces now which gives one less hurdle.
Hi Micro,
I have no news of any kind and hounding the SEC turned out to be a waste of time, they told me there is nothing they can do to help the shareholders. At least they did manage to stop shares from trading so no one else buys in to a stock that does nothing but piss people off. I regret ever buying in.
Wish I had something better to say. I do not plan to waste additional funds on lawyers.
Fishin.
Energy regulator visits Canadian arctic
July 23, 2013
CALGARY, Alberta, July 23 (UPI) -- A Canadian energy regulator said it was organizing a visit to arctic regions to get a better look at what may be affected by oil and natural gas development.
The Canadian National Energy Board said Chairman Gaetan Caron started a five-day trip Tuesday to the shores of the Beaufort Sea. The NEB said he would observe first-hand the connection aboriginal communities have to the arctic environment.
"This rare opportunity will provide the NEB with a better understanding of what it is to protect when carrying out its mandate in regulating oil and gas development in the Mackenzie Delta and Beaufort Sea: the land, the ocean, communities and people's way of life," a NEB statement said.
Provincial regulators in Alberta said in April they were in talks with the Northwest Territories to build an oil pipeline to ports near the Beaufort Sea.
Provincial leaders and aboriginal communities have balked at plans to expand pipeline networks in the region. Aboriginal communities have said their coastal habitats would be threatened by oil developments.
Provincial and federal administrators in June proposed an increase in corporate absolute liability to nearly $1 billion for energy explorers working off the eastern Canadian coast. They said the increase is part of a responsible resource development plan.
http://www.upi.com/Business_News/Energy-Resources/2013/07/23/Energy-regulator-visits-Canadian-arctic/UPI-66481374579428/
I'm in of course. Let me know what the first step is.
I own about 125,000 share.
Thanks for starting this Fishin!
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1-7-2010 - Apex Resources Group Inc. (APXR)
Jan. 6, 2010, 6:00 a.m. EST ·
Apex Resources Group Inc. (Pink Sheets APXR.PK) Announces That After Nine Years The Mackenzie Valley Natural-Gas Pipeline Has Been Approved
Will Provide The Foundation For A Durable And Sustainable Future In The Mackenzie Valley And The Beaufort Sea Where Apex Resources Group Inc. Owns A 3.745% Working Interest In The Itiyok I-27 Well Which Is Part Of The SDL#55 Lease Totalling 4,480 Acres
SALT LAKE CITY, Jan 06, 2010 /PRNewswire via COMTEX/ -- Apex Resources Group Inc. (Pink Sheets: APXR) Is very pleased that the Mackenzie Valley natural-gas pipeline has been approved and will provide the foundation for a durable and sustainable future in the Mackenzie Valley and the Beaufort Sea where Apex Resources Group Inc. owns a 3.745% working interest in a major oil and gas discovery known as the Significant Discovery License #55 (SDL#55) Lease in which Apex is partners in the Itiyok I-27 Well with Imperial Oil Ltd. and other majors.
ITIYOK I-27 WELL (SDL #55) PARTNERS IN ORDER OF
HIGHEST %:
-----------------------------------------------
IMPERIAL OIL RESOURCES VENTURES 58.67312 %
CONOCOPHILLIPS CANADA RESOURCES CORP. 17.2003 %
DEVON ARL CORPORATION 14.72 %
APEX RESOURCES GROUP INC. 3.745 %
CANALANDS RESOURCES 2.255734 %
CANADIAN NATURAL RESOURCES LIMITED 1.23445 %
CANADIAN FOREST OIL LTD. 1.084348 %
677862 ALBERTA LTD 1.084348 %
CITADEL ENGINEERING REPORT
The Citadel Engineering Report states that the Itiyok I-27 Well (SDL#55) was originally drilled in 1983, at a total cost of CA$85 million. A review of Well data and geological prognosis indicates that a 640 acre area would contain proven recoverable gas reserves of 108 Bscf and proven recoverable oil reserves of 8,976 MSTB, with Apex Resources Group Inc. 3.745 % working interest net reserves of 4.04 Bscf and 336 MSTB.
Seismic data indicates a structure closure of approximately 40 square KM with a gross potential reserve of 1.16 TCF and 160 MMSTB (Apex 3.745 % working interest net - 34 Bscf and 4.7 MMSTB). The lands in which the Apex Resources Group Inc. owns an interest comprised of 21.54 square KM containing gross potential reserves of 625 Bscf of gas and 86 MMSTB of oil Apex 3.745 % working interest net - 23.4 Bscf of gas and 3.2 MMSTB of oil). Values of proven, probable and possible gas and oil reserves, of Apex 3.745 % working interests.
APEX RESOURCES GROUP INC. PROVEN, PROBABLE & POSSIBLE GAS & OIL RESERVES IN THE ITIYOK I-27 SDL #55 IN THE BEAUFORT SEA VALUED AT US$1.2+ BILLION DOLLARS:
In 1997 Apex Resources Group Inc. purchased a 3.745% working interest in the Itiyok I-27 Well (SDL#55) in the Beaufort Sea and is the fourth largest partner in the Itiyok I-27 Well, with Imperial Oil as the operator and the largest partner with an interest of 58.67312%. At current oil & gas market prices, the Apex 3.745% working interest in the Itiyok I-27 well in the Beaufort Sea estimated value is US$1.2+ Billion Dollars as calculated below.
ITIYOK I-27 WELL SDL#55 PROVEN, PROBABLE, & POSSIBLE GAS & OIL RESERVE VALUES AT CURRENT PRICES:
ITIYOK I-27 Significant Discovery Lease
Oil (US$/Barrell) $75.0000
----------------- --------
Gas (US$/ft(3)) $5.0000
--------------- -------
Apex Share of Project 3.7450%
--------------------- ------
1) ITIYOK 640 ACRE PROVEN GAS & OIL RESERVES:
Total Dollars Apex 3.745% Interest
Gas (Bscf) 108 $540,000,000.00 $20,223,000.00
Oil (MM STB) 8.976 $673,200,000.00 $25,211,340.00
$1,213,200,000.00 $45,434,340.00
2) ITIYOK 40KM(2) PROBABLE GAS & OIL RESERVES:
Total Dollars Apex 3.745% Interest
Gas (TCF) 1.16 $5,800,000,000.00 $217,210,000.00
Oil (MM STB) 160 $12,000,000,000.00 $449,400,000.00
$17,800,000,000.00 $666,610,000.00
3) ITIYOK 21.54KM(2) POSSIBLE GAS & OIL RESERVES:
Total Dollars Apex 3.745% Interest
Gas (Bscf) 625 $3,125,000,000.00 $117,031,250.00
Oil (MM STB) 160 $12,000,000,000.00 $449,400,000.00
$15,125,000,000.00 $566,431,250.00
GRAND TOTAL
Total Dollars Apex 3.745% Interest
Gas (Bscf) $9,465,000,000.00 $354,464,250.00
Oil (MM STB) $24,673,200,000.00 $924,011,340.00
================== ===============
$34,138,200,000.00 $1,278,475,590.00
NOTES:
Bscf Gas = Billion standard cubic feet of Gas
TCF Gas = Trillion Cubic Feet of Gas
MM STB Oil - Million Stock Tank Barrels of Oil
MACKENZIE VALLEY PIPELINE BY JOINT REVIEW PANEL
After waiting about 9 years, the Mackenzie Valley natural-gas pipeline has finally been approved by a seven-member panel, which had to consider the environmental and social impact of the 1,200-kilometre project headed by Imperial Oil Ltd.
In a statement the Joint Review Panel (JRP) stated "it is confident that the project as filed, if built and operated with full implementation of the panel's recommendations, would deliver valuable and lasting overall benefits and avoid significant adverse environmental impacts". It was added that the project "would provide the foundation for a durable and sustainable future in the Mackenzie Valley and the Beaufort Delta regions, adding that this future would be a better one than a future without the project."
According to the report, the pipeline would ship up to 1.9 billion cubic feet of natural gas per day from the edge of the Beaufort Sea down to Alberta and southern markets. Many in the Northwest Territories view this as a means of achieving economic independence.
The panel was created in 2001, in an effort to streamline regulatory processes around the pipeline. In 2006, it launched public hearings in the Northwest Territories with the expectation of submitting a report by mid-2007, but the deadline was delayed and extended at least twice as the panel analyzed the findings. According to TransCanada Corp. chief executive Hal Kvisle, he estimated the regulatory delays have added $3 billion to the project's bottom line.
In 2000 the Mackenzie Valley pipeline was announced by a consortium of four oil and gas companies, Imperial Oil, Exxon-Mobil Oil, Shell Oil & ConocoPhillips, and also included aboriginal partners, known as the Aboriginal Pipeline Group Inc., consisting of 5 First Nations tribes and their financial backer Trans Canada Pipelines Inc. Trans Canada Pipelines Inc. wants the natural gas to feed its' markets in the USA.
These groups have continuously lobbied for federal support, boosting efforts after filing the pipeline application with regulators in 2004. Apex Resources Group Inc. believes the approval announcement is an opportunity for all parties to work together to finance and start the construction of the CA$16.2 Billion Dollar Mackenzie Valley Gas Pipeline for the benefit of all Canadians, while also benefitting the USA by increasing energy independence. This also spurts further developments to go ahead and to open up the huge potential of Northern Canada, where there is an abundance of mineral wealth of Gas, Oil, Gold, Diamonds, Copper, and Uranium, providing job opportunities and growth for the region and for their First Nation peoples.
APEX MISSION STATEMENT
Apex Resources Group Inc. now has the bases to start building a very powerful Gas and Oil Company for a very prosperous 2010 and a decade of growth for Apex and the Shareholders. The Company would like to take this opportunity to thank all the shareholders for their past and continued support through some very challenging times.
By the Board of Directors,
John Ray Rask
President
Apex Resources Group Inc.
The foregoing contains forward-looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology intends to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including, but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group, Inc.
SOURCE Apex Resources Group, Inc.
Copyright (C) 2010 PR Newswire. All rights reserved
http://www.ngps.nt.ca/index_e.html
http://www.ngps.nt.ca/documents/JRP%20Report%20Media%20Advisory%20December%2029_Final.pdf
http://www.ngps.nt.ca/documents/JRP%20NR_Report%20release_Final.pdf
FORUM;
http://investorshub.advfn.com/boards/board.aspx?board_id=172
http://www.apexresourcesgroupinc.com/
Apex Resources Group, Inc.
299 S. Main Street
Suite 1300
Salt Lake City, UT 84111
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=apxr
Phone: (801) 534-4450
Company Officers
John R. Rask, President
Estimated Market Cap
$3,379,092 as of Jan 5, 2010
Outstanding Shares
120,681,870 as of Nov 9, 2007
Number of Shareholders of Record
950 as of Mar 28, 2008
Transfer Agent
Standard Registrar and Transfer Co., Inc.
12528 South 1840 E.
Draper, UT 84020
[-/color]
This Page Is Under Construction - Coming Soon!
[-chart]www.apexresourcesgroup.com/__media__/images/3900_netsol-3-business1.jpg[-/chart]
Why am I seeing this 'Under Construction' page?
Kitty Hawk
Cary NC
Apex Real Estate
Natural Gas Drilling
Trademark Free Zone Review our Privacy Policy Service Agreement Legal Notice
The MacKenzie Valley pipeline which includes partners
Imperial Oil (IMO-T), Shell Canada (SHC-T),
ConocoPhillips(COP-Z), and Aboriginal Pipeline Group
has been stalled due to land access issues with
native groups in Canada. At a cost of come C$7 billion
(U.S. $5.6 billion), the MacKenzie line could by 2010
bring up to 1.9 billion cubic feet per day of much
needed Arctic gas with a steadily rising demand.
The larger Alaska Pipeline, also stalled as Exxon
(XOM-Z), P-Z and ConocoPhillips (COP-Z) seek fiscal
terms with the state regulatory clarity from the
Canadian government, could tap as much as 6 billion
cubic feet a day of gas from the Alaska North Slope by
2012 at a cost of $15-$20 billion.
Thread Disclaimer - http://www.investorshub.com/boards/read_msg.asp?message_id=79077
FROM STORMY: 09/28/2007
http://www.permafrostmedia.ca/
http://www.permafrostmedia.ca/?q=node/3763
Permafrost Media is supported by the following companies:
New North Networks http://www.newnorth.ca
The BBE Group http://www.bbex.com/home.html
ICE Wireless http://www.icewireless.ca
As of November 9, 2007, the Company had 120,681,870 shares of its common stock outstanding.
400,000,000 shares authorized
[-chart]www.mackenziegasproject.com/indexImages/Header1.jpg[-/chart]
[-chart]www.mackenziegasproject.com/indexImages/header4.jpg[-/chart][-chart]www.mackenziegasproject.com/theProject/_Images/Xp06771_CanadaLocMap.gif[-/chart]
[-chart]www.mackenziegasproject.com/theProject/_Images/MGP%20Main%20Map.gif[-/chart]
excerpt;Our goal is to have natural gas moving through
the pipeline by 2010.
ME: BETTER LATE THAN NEVER?
http://www.mackenziegasproject.com/[the above are projects on the working maps to scale.
The Project
Mackenzie Gas Project proposes to develop natural gas
fields in the Mackenzie Delta of Canada's Northwest
Territories and deliver the natural gas to markets
through a pipeline system built along the Mackenzie
Valley. Our goal is to have natural gas moving through
the pipeline by 2010.
The Mackenzie Gas Project is a proposed 1220-kilometre natural gas pipeline system along the Mackenzie Valley of Canada's Northwest Territories to connect northern onshore gas fields with North American markets.
WHO ARE WE?
http://www.mackenziegasproject.com/whoWeAre/index.htm
Four major Canadian oil and gas companies and a group representing the aboriginal peoples of Canada's Northwest Territories are partners in the proposed Mackenzie Gas Project.
Imperial Oil Resources Ventures Limited;[
[-chart]www.mackenziegasproject.com/indexImages/LogoImperialOil.gif[-/chart]
Imperial Oil Resources Ventures Limited wholly holds and operates the Taglu natural gas field and will construct and operate it. Imperial will also construct and operate the Mackenzie gathering system and the Mackenzie Valley
ConocoPhillips Canada (North) Limited;
[-chart]www.mackenziegasproject.com/indexImages/LogoConocoPhillips.gif[-/chart]
ConocoPhillips Canada (North) Limited holds a 75 percent interest in the Parsons Lake natural gas field. It will construct and operate the production facilities at Parsons Lake.
Aboriginal Pipeline Group (APG;
[-chart]www.mackenziegasproject.com/indexImages/LogoAPG.gif[-/chart]
The Aboriginal Pipeline Group (APG) represents the interests of the aboriginal peoples of the Northwest Territories in the proposed Mackenzie Valley Pipeline. It has the opportunity to acquire up to a one-third interest in the main Mackenzie Valley Pipeline.
The four oil and gas companies ("The Producer Group") hold interests in three large natural gas fields discovered in the Mackenzie Delta. In addition to being co-owners of the main Mackenzie Valley pipeline with the APG, the producer group will also be joint owners of gathering system, a gas processing facility near Inuvik that will separate natural gas liquids from the natural gas, and a liquids pipeline from the facility near Inuvik to Norman Wells.
Shell Canada Limited;
[-chart]www.mackenziegasproject.com/indexImages/LogoShellCanada.gif[-/chart]
Shell Canada Limited wholly holds interest in the Niglintgak natural gas field and will construct and operate the production facilities at
ExxonMobil Canada Properties;
[-chart]www.mackenziegasproject.com/indexImages/LogoExxonMobile.gif[-/chart]
ExxonMobil Canada Properties holds a 25 percent interest in the Parsons Lake natural gas field.
We are committed to respecting the people of the North and the land and environment that sustains them.
http://www.mackenziegasproject.com/
http://www.mackenziegasproject.com/opportunities/index
http://www.mackenziegasproject.com/theProject/constructionOperation/index
http://www.mackenziegasproject.com/siteMap
http://www.mackenziegasproject.com/links/index
[-chart]www.mackenziegasproject.com/opportunities/_images/indirectBenefits.jpg[/chart]http://www.mackenziegasproject.com/whatsNew/newsReleases/newsReleases.asp
Northern Economics will host a technical conference to discuss the results of an independent In-State Gas Demand Study on Thursday Feb. 4th, 2010 at 2 p.m., Alaska Daylight Time. The conference will be available by webcast.
On January 29, the Alaska Pipeline Project filed its Open Season plan with the U.S. Federal Energy Regulatory Commission (FERC)-the first in the history of North Slope natural gas development. View news release...
TransCanada and ExxonMobil are working together to advance the Alaska Pipeline Project. The goal is to build and operate a pipeline system that will make possible the development of Alaska's vast North Slope natural gas resources, helping sustain Alaska's, Canada's and the U.S. economies and providing a reliable, clean supply of domestic energy for the State of Alaska and North America. The Alaska Pipeline Project provides Alaska a viable option to develop its North Slope natural gas resources. Read more...
The Alaska Pipeline Project has filed its plan for holding the first natural gas pipeline open season in the history of the North Slope in 2010 - a major milestone in the development of Alaska's vast natural gas reserves. Read more...
The Alaska Gasline Inducement Act (AGIA) was enacted into state law in 2007 to expedite the construction of a pipeline to transport Alaska's natural gas resources to market. TransCanada became the official AGIA licensee in 2008 and is now working with ExxonMobil to advance the Alaska Pipeline Project. Read more...
News Releases
UPDATED: Coordinated Public Hearing Schedule
January 30, 2007
UPDATED: Coordinated Public Hearing Schedule
January 05, 2007
UPDATED: Coordinated Public Hearing Schedule
December 12, 2006
UPDATED: Coordinated Public Hearing Schedule
November 30, 2006
Contractors;Colt KBR
http://www.mackenziegasproject.com/whoWeAre/contractors/index.htm
Several major contractors provide services to the Mackenzie Gas Project.
http://Colt Engineering Corporation.com
AMEC is a an international engineering services company providing design, project delivery and support for oil and gas, transport, infrastructure and industrial clients worldwide. Across North America and abroad, the Earth & Environmental (E & E) division within AMEC operates 90 full-service E & E offices providing multi-disciplined solutions covering all aspects of environmental services, geotechnical engineering, materials testing, and engineering and water resource services.
[chart]www.mackenziegasproject.com/theProject/_Images/ProjDevPhases.gif" />
[-chart]www.mackenziegasproject.com/theProject/_Images/ProjDevPhases.gif[-/chart]
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LOOKS LIKE WILL NEED TO DUE 15c2-11
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=apxr
SEC Filings Form Type Received Period Ending Size Report
NT 10-Q May 16, 2008 Mar 31, 2008 37.5 KB PDF RTF HTML
10QSB/A Apr 2, 2008 Sept 30, 2007 439.6 KB PDF RTF HTML XLS
10KSB/A Mar 28, 2008 Jun 30, 2007 1.0 MB PDF RTF HTML XLS
10QSB Mar 21, 2008 Dec 31, 2007 463.7 KB PDF RTF HTML XLS
8-K/A Mar 14, 2008 Oct 18, 2007 89.0 KB PDF RTF HTML XLS
8-K Mar 13, 2008 Oct 18, 2007 88.3 KB PDF RTF HTML XLS
NT 10-Q Feb 14, 2008 Dec 31, 2007 37.9 KB PDF RTF HTML
10QSB Nov 14, 2007 Sept 30, 2007 413.8 KB PDF RTF HTML XLS
10KSB/A Oct 19, 2007 Jun 30, 2007 920.6 KB PDF RTF HTML XLS
10KSB Oct 15, 2007 Jun 30, 2007 909.2 KB PDF RTF HTML XLS
12345678next >last >>
i do not see any s-8 filings.
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yhoo;
http://search.yahoo.com/search?p=APXR+%E2%80%94+Apex+Resources+Group%2C+Inc.&fr=ush1-finance&ygmasrchbtn=Web+Search
APXR: Apex Resources Group Inc - Stock Quote
APXR: Apex Resources Group Inc - Stock Quote. Get the latest detailed quote information from Zacks Investment Research. Zacks is the leading investment research firm ...
www.zacks.com/research/report.php?t=apxr - 68k - Cached
APXR APEX RESOURCES GROUP INC
Analysis of APXR, APEX RESOURCES GROUP INC in American and Canadian Stock Markets NYSE, NASDAQ, AMEX, OTC, TSX,and CDNX, End-of-Day Stock Data, Alert Signals Buy, ...
americanbulls.com/StockPage.asp?CompanyTicker=APXR&...&Typ=S
News results for APXR - Apex Resources Group, Inc. Apex Resources Group Inc. (Pink Sheets APXR.PK) Announces That ...? - 9 hours ago
6 /PRNewswire-FirstCall/ -- Apex Resources Group Inc. (Pink Sheets: APXR) Is very pleased that the Mackenzie Valley natural-gas pipeline has been approved ...
PR Newswire (press release) - 7 related articles »
Apex Resources Group Inc. (Pink Sheets APXR.PK) Announces That ...Apex Resources Group Inc. (Pink Sheets APXR.PK) Announces That After Nine Years The Mackenzie Valley Natural-Gas Pipeline Has Been Approved.
www.prnewswire.com/.../apex-resources-group-inc-pink-sheets-apxrpk-announces-that-after-nine-years-the-mackenzie-valley-natural-g... - 9 hours ago
Apex Resources Group, Inc. Company Profile - APXR UNITED STATES ...Apex Resources Group, Inc.. The Group's principal activity is to acquire interests in oil and gas properties and other business activities.
wrightreports.ecnext.com › Company Profile Report › A
Pipeline decision tonight - Apex Resources Group Inc - APXRDec 30, 2009 ... I do believe apex has a 3% interest with Imperial oil in a large Gas claim near beaufort sea-----huge find. T.
www.stockhouse.com/Bullboards/MessageDetail.aspx?...APXR
RE: RE: Pipeline decision tonight - Apex Resources Group Inc - APXRJan 1, 2010 ... Hello Guido1077, great news in Calgary the jvc has aprroved the go ahead with Mackenzie Valley Pipeline to the Energy Bo.
www.stockhouse.com/Bullboards/MessageDetail.aspx?...APXR...
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Chart;http://charts3.barchart.com/chart.asp?sym=APXR&data=A&jav=adv&vol=Y&divd=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=
quote;http://quote.barchart.com/quote.asp?sym=%20apxr&code=BSTK
techs;http://quote.barchart.com/techrept.asp?sym=APXR
opinion;100% - Buy, http://quote.barchart.com/texpert.asp?sym=APXR
snapshot;100% Buy, http://quote.barchart.com/texsnap.asp?sym=APXR
advance techs;100% - Buy, http://quote.barchart.com/texadv.asp?sym=APXR
performance;http://quote.barchart.com/performance.asp?sym=APXR
projection;http://charts3.barchart.com/procal.asp?sym=APXR
[-chart]charts3.barchart.com/custom/tc/APXR.GIF[-/chart]
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http://www.marketwatch.com/investing/stock/APXR
http://www.marketwatch.com/investing/stock/APXR/profile
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TA;
Template: 07/22/2009---RSI-MACD-FULLSTO-ULT-VOLUME-50MA-200MA-BB
COLOR BLIND.
Template: 07/22/2009---RSI-MACD-FULLSTO-ULT-VOLUME-50MA-200MA-BB
COLOR BLIND.
[-chart]stockcharts.com/c-sc/sc?s=apxr&p=D&yr=0&mn=3&dy=15&i=p47868087965&a=173461334&r=537[-/chart]
20 50 200MA,,,VOLUME - PPO - CMF - SLO STO % PRICES.
20 50 200MA,,,VOLUME - PPO - CMF - SLO STO % PRICES.
[-chart]stockcharts.com/c-sc/sc?s=apxr&p=D&yr=0&mn=5&dy=0&i=p45212469049&r=6823[-/chart]
5MA---10MA---20MA PPO---ADX---TRIX---VOLUME
5MA---10MA---20MA PPO---ADX---TRIX---VOLUME
[-chart]stockcharts.com/c-sc/sc?s=apxr&p=D&yr=0&mn=3&dy=0&i=p78292400264&r=8528[-/chart]
TWO YEAR CHART: 5/23/09
TWO YEAR CHART: 5/23/09
[-chart]charting.nasdaq.com/ext/charts.dll?2-1-14-0-0-524-03NA000000apxr-&SF:6|8|27-SH:8=200|27=10-WD=539-HT=395-[-/chart]
2 yr.,,,50-200ma,,,RSI- Volume - MACD --- green background.
2 yr.,,,50-200ma,,,RSI- Volume - MACD --- green background.
[-chart]stockcharts.com/c-sc/sc?s=apxr&p=D&yr=2&mn=0&dy=0&i=p91190925640&r=3232[-/chart]
HISTORICAL: 3yr. 50-200ma...RSI - MACD - CMF - PRICES - VOLUME - BLACK BACKGROUND.
HISTORICAL: 3yr. 50-200ma...RSI - MACD - CMF - PRICES - VOLUME - BLACK BACKGROUND.
[-chart]stockcharts.com/c-sc/sc?s=apxr&p=W&yr=3&mn=0&dy=0&i=p22053646375&r=[-/chart]
enjoy da mick
DISCLAIMER - Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
12/13/2006 POINT AND FIGURE:::::
chart2--point and figure[2 Box Reversal] ... small 360 with volume
THESE TWO ARE NICE FOR TRENDLINES AND WITH EMA 20/50/200 DAY--PPS AND VOLUME...COMPARISONS TOO. 12/13/2006 NEW CHARTS
Other sites of interest
Natural Gas & Oil links:
http://www.naturalgasnews.org/
http://www.naturalgas.org/
http://www.eia.doe.gov/oil_gas/natural_gas/nat_frame.html
http://www.gtionline.org/gti/main/main.cfm
http://www.api.org/
http://www.ngsa.org/issues/buildingamerica.html
http://www.gri.org/cgi-bin/re?url=http%3A//www.gri.org/pub/content/jun/19990614/114314/
http://www.pgcgas.com/gasstatistics.htm
http://www.netl.doe.gov/scng/
http://www.ingaa.org/main.html
http://www.mineralprices.net/prices/
http://www.ipaa.org/
http://www.economagic.com/doeme.htm#S10
12/15/2006 For APXR News , Chart and Other Information For Shareholders.
You Have To Place The Symbol Into The Ask Box.
http://www.stockwatch.com/swnet/utilit/utilit_snapsh_result.aspx
12/15/2006_Chart and Teaching.
This Is Nice Place To Find Out Daily Chart Candles and Theory How To Read Them.
http://www.americanbulls.com
12/15/2006 This Will Tell Our Score Card Each Day...
http://www.stockscores.com/quickreport.asp?ticker=apxr&x=7&y=10
nice chart to use_____________________________________
http://stockcharts.com/gallery/gv?apxr
{it will not paste to show in the above chart. it is a click to}
The Hot Biotechshttp://www.investorshub.com/boards/board.asp?board_id=561
To Sarals GEMM boardhttp://www.investorshub.com/boards/board.asp?board_id=656
Xxrayeyes OTCDD board http://www.investorshub.com/boards/board.asp?board_id=574
OTCDT board http://www.investorshub.com/boards/board.asp?board_id=866
Research Links - http://www.investorshub.com/boards/read_msg.asp?message_id=143981
Message Posting Critiera - http://www.investorshub.com/boards/read_msg.asp?message_id=139821
Thread Disclaimer - http://www.investorshub.com/boards/read_msg.asp?message_id=79077
FROM STORMY: 09/28/2007
http://www.permafrostmedia.ca/
http://www.permafrostmedia.ca/?q=node/3763
Permafrost Media is supported by the following companies:
New North Networks http://www.newnorth.ca
The BBE Group http://www.bbex.com/home.html
ICE Wireless http://www.icewireless.ca
Useful PM related sites:
http://www.24hgold.com/
http://www.jsmineset.com/
http://www.marketwatch.com/
http://www.mineweb.com/
http://www.gold-eagle.com/
http://www.kitco.com/
http://www.usagold.com/
http://www.usagold.com/amk/usagoldmarketupdate.html
http://www.GoldSeek.com/
http://www.GoldReview.com/
http://www.capitalupdates.com/
http://www.dailyreckoning.com/
http://www.goldenbar.com/
http://www.silver-investor.com/
http://www.thebulliondesk.com/
http://www.sharelynx.com/
http://www.mininglife.com/
http://www.financialsense.com/
http://www.fgmr.com/
http://www.goldensextant.com/
http://www.goldismoney.info/index.html
http://www.howestreet.com/
http://www.depression2.tv/
http://www.un-debt.net/
http://www.minersmanual.com/minernews.html
http://www.a1-guide-to-gold-investments.com/euro-vs-dollar.html
http://www.goldcolony.com/
http://www.miningstocks.com/
http://www.mineralstox.com/
http://www.freemarketnews.com/
http://www.321gold.com/
http://www.silverseek.com/
http://www.investmentrarities.com/
http://www.kereport.com/ (Korelin Business Report -- audio)
http://www.plata.com.mx/plata/home.htm (in Spanish)
http://www.plata.com.mx/plata/plata/english.htm (in English)
http://www.resourceinvestor.com/
http://www.miningmx.com/
http://www.prudentbear.com/
http://www.dollarcollapse.com/
http://www.kitcocasey.com/
http://000999.forumactif.com/
http://www.golddrivers.com/
http://www.goldpennystocks.com/
http://www.oroyfinanzas.com/
http://www.goldcore.com/
http://coininfo.com/
http://www.insidegold.com/
http://www.goldmau.com/
http://www.milesfranklin.com/
http://www.silverminers.com/
http://www.gold-speculator.com/
http://bullion.nwtmint.com/
http://www.preciousmetalsmonthly.com/
http://www.silverstockreport.com/
http://www.longwavegroup.com/
http://theaureport.com/
Subscription sites:
http://www.lemetropolecafe.com/
http://www.marketforceanalysis.com/
http://www.hsletter.com/
http://www.interventionalanalysis.com/
http://www.investmentindicators.com/
http://www.caseyresearch.com/
http://www.deepcaster.com/
http://www.vrtrader.net/
Eagle Ranch discussion site:
http://os2eagle.net/SSL/phpentry.php
Ted Butler silver commentary archive:
http://www.investmentrarities.com/
Conspiracy World: A Truthteller's Compendium of Eye-Opening Revelations and Forbidden Knowledge
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