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ebaykamel

08/26/11 4:30 AM

#6485 RE: trawets #6483

Hi Trawets the most important pipeline for all Apex shareholders is the Mackenzie valley pipeline which is based in Canada. The pipeline has already gotten the national energy boards seal of approval earlier this year. Now we are waiting on the final regulatory decision to build the pipeline which could come any day now and many are expecting to hear the news sometime in September. The next most important pipeline for us is the Keystone xl pipeline which is based in Alaska. The Kestone pipeline will increase the production of the oil sands project as well as there demand for gas to fuel the furnace therefore we definetly want the Keystone pipeline to go forward. All the gas available at the Mackenzie Pipeline that can be delivered will most likely be used by the Keystone pipeline.