VANCOUVER, BC--(Marketwired - September 17, 2015) - Highbank Resources Ltd. (TSX VENTURE: HBK) (V7O.F) (the "Company").
"While this may appear to be hopelessly optimistic, we would argue that the smaller Douglas Channel LNG project….is on track for a positive (final investment decision) by the end of 2015," AltaCorp Capital analysts said.
Welcome to Port Edward: ground zero for B.C.'s gas export industry ambitions
Frank O'Brien, Business Vancouver - Mining & Energy, September 15, 2015 http://ow.ly/Sj8J1
"It is coming. I just don't know the date," said David MacDonald, who has been Port Edward's mayor for the past 10 years. Port Edward's tiny four-person district office has been buzzing since Pacific NorthWest LNG (PNW) started scouting sites in the area three years ago. Port Edward has already sold a large chuck of land to the PTI Group to develop a massive work camp, the first of a series of camps that could house up to 5,000 construction workers.
Another 11 acres was sold to energy giant AltaGas for a planned LNG or propane export terminal. A trio of development applications, from Stonecliff Properties, Catla Enterprises and Alberta-based Odyssey Homes, would create a 370 unit trailer park, 400 other homes, a strip mall and a hotel. The first work camp proposed will be about a mile from what passes as downtown Port Edward and will be linked by a new $25 million ring road, MacDonald said.
Temporary-work-camp builders shifting focus to B.C. from Alberta
Nelson Bennett, Business Vancouver - Economy, September 15, 2015 http://ow.ly/Sj8oX
Among the presenters at an LNG conference sponsored by AltaCorp Capital in Vancouver on August 25th were three companies that build and operate remote work camps in Canada, the U.S. and Australia.
According to Trevor Haynes, CEO of Black Diamond Group, the Shell and Petronas projects combined would require between 19,000 and 25,500 beds (peaking in 2019) for LNG plant and pipeline construction. Black Diamond's Pacific Lodge proposal for Port Edward, part of PNW, would be built on a 57-acre parcel a six-minute drive from the proposed bridge to Lelu Island.
Pacific Northwest LNG looks for 'package deals' to sell more LNG to Asia
Ashok Dutta, Platts - McGraw Hill Financial, September 15, 2015 http://ow.ly/SjfCb
Pacific Northwest LNG will eye opportunities to sell additional volumes of LNG from its planned Canadian facility to Asian buyers as part of "package deals" following a demand from buyers, company President Michael Culbert said Tuesday.
"The Chinese, Japanese and Indian markets are seeking diversity (in supply sources) and Petronas is looking at a portfolio of supplying LNG for 20 to 30 years that will be sourced from Canada besides Australia and other global producers," he said on a webcast of the Peters and Co. annual conference in Toronto.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"Victor N. Bryant"
Victor N. Bryant,
CEO/President
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management's plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward- looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
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