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Altima commences construction of new Chambers Alberta area pipeline


Published Oct 2, 2013
Altima Energy

Altima Resources Ltd. has commenced construction of a new 3.78 kilometer pipeline (the "Line") and facility to connect the COPOL HZ 14-15-41-11 W5M well (Refer to News Release September 5, 2013) to the ConocoPhillips Canada compressor facility (the "Facilities") located at 09-04-041-11 W5M.

Through a Participation Agreement (the "Agreement") between Acumen Energy Partners Inc. (Acumen), and the Company, Acumen has been granted the right to earn a 5% working interest (the "Working Interest") in the Company's 30% working interest in the COPOL ET AL HZ CHAMERS 14-15-41-11 W5M well (the "Well") and the associated Pooled Lands located in the Chambers-Ferrier area of the Western Canada Sedimentary Basin, Alberta (refer to News Release August 26, 2013 for details). As per the Agreement, Acumen and the Company will construct the Line and Facilities, which are anticipated to be completed and the Well placed on production in late October.

Tags: Altima Resources Ltd




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