HSE: Cenovus Energy Inc acquired all of the issued and outstanding common shares of Husky. Holders of Husky Shares are entitled to receive 0.7845 of a Cenovus common share and 0.0651 of a common share purchase warrant ("Warrant") of Cenovus for each Husky Share held.

Deleted symbol.

https://otce.finra.org/otce/dailyList?viewType=Deletions

https://ih.advfn.com/stock-market/TSX/HSE/stock-news/84010960/transaction-to-combine-husky-and-cenovus-closes

something is in the works----I smell GAS

husky has other refinerys ,but a scary operation when nat. gas fires erupt during drilling

Something in the works--- a new refinery is wanted by govt---or an upgrader

Husky well fire injures several Alberta workers
Nathan VanderKlippe

About a dozen workers were injured after a “flash fire” burst out from an Alberta natural gas well owned by Husky Energy Inc.

RCMP reported that 12 workers were hurt, with two evacuated to hospital by helicopter. Officials with Alberta Occupational Health and Safety said the number may be closer to eight, although investigators were to arrive on site Monday afternoon to determine exact specifics. No deaths have been reported, although three people were sent to an Edmonton burn unit.

A “flash fire” is described as a blaze that suddenly erupts and then subsides.

Early reports suggest the fire erupted during a well “fraccing” operation, said health and safety spokesman Barrie Harrison. Companies use underground fracturing to break apart dense rock so that hydrocarbons can flow through and be collected at the surface. The practice has, however, stoked massive controversy in the U.S., where landowners have blamed fraccing for destroying well-water and fouling rivers used as a source of drinking water.

The fire took place at a well near Robb, Alta. Financial analysts suggested it appears to be in the foothills region, where companies produce gas from deep, highly pressured reservoirs.

Graham White, a spokesman with Husky, confirmed the well belonged to the oil and gas corporation. It is under control.

“The fire is extinguished,” Mr. White said. “There were several contract employees who were working on the well site that were involved. Our initial reports are that their injuries are non life-threatening. We don’t have any confirmation in terms of numbers yet.”

The fire broke out between 11 a.m. and noon MST Monday. RCMP received a 911 call reporting an explosion at 11:45 a.m.

Bob Curran, a spokesman with the Energy Resources Conservation Board, said the fire burst out as workers were setting up to begin the underground fraccing. Mr. Curran said the well was to be fractured using propane, a technique that has already injured three other workers this year.

In January, Gasfrac Energy Services Inc. said a propane leak at one of its work sites created a “short fire.” The company suspended all operations for more than two weeks as it sought to figure out what went wrong.

Gasfrac was preparing to conduct a propane fracture at the Husky well site Monday afternoon, company chief financial officer James Hill confirmed in an interview. But he said the fire appeared to emanate from the well rather than Gasfrac equipment, which had not yet begun operations. It is “not at all possible” that the explosion came from a similar cause as the January accident, he said.

“Those wells have various types of liquids in them that include propane,” he said.
Seven Gasfrac employees were among those injured and taken to hospital.

But as of Monday afternoon, “they’ve been released,” Mr. Hill said. “It was sort of minor lacerations that they had received.”

The fire is the second major well incident in Alberta in less than a week. On Friday, a sour oil well licensed to Daylight Energy Ltd. caught fire at 10:20 a.m. That blaze, which caused no injuries, continued until 3:30 a.m. Saturday.

Thomas Lukaszuk, minister of Employment and Immigration, called the Monday fire a “tragic” incident.

“At this point my thoughts are with them [the workers] and their families,” he said, noting the province recently announced plans to boost the ranks of its occupational health and safety officers.

“When they [accidents] happen, the best we can do is respond to them properly, make sure there’s justice for the workers, and that it doesn’t happen again.”

-with a file from Josh Wingrove

Husky gets Madura Strait PSC extension


Published Oct 29, 2010

Husky Energy has received approval from the Government of Indonesia for an extension to the existing Madura Strait Production Sharing Contract (PSC), originally awarded in 1982. The Madura Strait PSC includes the Madura BD and MDA fields, as well as numerous other prospects and leads.

The Madura BD field, which contains natural gas and natural gas liquids, is located in the Madura Strait, offshore East Java, Indonesia. The government approval provides a 20-year extension to the existing production sharing contract which would have expired in 2012.

'This production sharing contract extension provides the basis for advancing the Madura BD field towards development,' said John C.S. Lau, President & Chief Executive Officer, Asia Pacific. 'The Madura BD field, together with our other discoveries offshore Indonesia and the South China Sea, represent growth opportunities to build a material oil and gas business in the region.'

Many of the requirements to bring the Madura BD field into production are in place. In 2007, Husky signed gas sales agreements with three local companies for the sale of 100 million cubic feet per day of natural gas production. In 2008, Husky reached an agreement with CNOOC to jointly develop the Madura BD field. A Plan of Development for the BD field has been approved by the Indonesian government, and front end engineering and design was completed in the second quarter of 2010.

Husky and its partner in the Madura Strait have each agreed to sell a 10 percent equity stake in Husky Oil (Madura) Ltd. to Samudra Energy Ltd., through its affiliate SMS Development Ltd. Following the completion of the sale, Husky and CNOOC will respectively hold a 40 percent equity interest in Husky Oil (Madura) Ltd., with the 20 percent balance held by Samudra Energy Ltd.

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