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FEATURE: Augusta Industries $AAO.ca Discusses Spin-Out Transaction, Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA

Posted by AGORACOM-JC at 1:28 PM on Tuesday, October 17th, 2017

Augustalarge

 

Augusta Industries (AAO:TSXV) is a superstar company that very few people small cap investors have ever heard of. More than just lip service, take a quick look at the client rolls of their 2 subsidiaries. Once you do, you’ll understand why Augusta just announced a spin out transaction that will split the subsidiaries into two companies, making shareholders very happy.

SUBSIDIARIES

1]  FOX-TEK – World leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; FOX-TEK is able to accurately measure changes that could negatively impact clients’ operations, the list of which includes the following Tier-1 Energy Companies.

2]  Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment to clients that include government departments and global energy companies.

  • Aiming to deliver $25M in additional shareholder value with its Sensor Technologies spin out announcement on September 28th.
  • At the time of “Spin out”, Augusta will own 50 Million shares of Sensor Tech, and 100% of Marcon International,
  • Transaction unleashing the potential for explosive growth through its multinational relationships and state of the art monitoring technology

Augusta is a burgeoning beast in the Oil & Gas service sector with its multi-faceted approach to creating shareholder value for its shareholders.

WATCH OUR RECENT INTERVIEW

INTERVIEW: Augusta Industries $AAO.ca Discusses Spin-Out Transaction, Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA

Posted by AGORACOM-JC at 11:00 AM on Wednesday, October 11th, 2017

LNG Investments Will Have Long-Term Benefits For B.C.

Posted by AGORACOM-JC at 11:03 AM on Friday, January 29th, 2016
LIQUEFIED NATURAL GAS TOKYO
  • Issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition
  • Facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C.
  • This alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C

The issuance of a key permit required for the development of the LNG Canada project by Shell is an exciting development, as it moves the project one step closer to fruition.

The facility permit from the B.C. Oil and Gas Commission outlines the requirements for design, construction and operation of the proposed liquefied natural gas facility in Kitimat, B.C. While this alone does not guarantee the project will move forward, it is an indication that the proponents of the project still see benefits of establishing an LNG plant in B.C.

These benefits are considerable: the climate of B.C.’s north coast is colder and therefore requires less energy to liquefy natural gas than in other areas, such as the Gulf Coast; there are abundant gas fields relatively close to the plant; the north west coast of B.C. is considerably closer to many markets than competing jurisdictions; and B.C. has an abundant supply of engineers, planners and construction workers that are fully capable of building and operating a complex plant.

Given the economic doldrums facing other resource-based sectors in B.C. with the collapse of oil prices and the malaise in the minerals and metals markets, the B.C. engineering community recognizes the importance of projects such as LNG Canada moving forward. For many firms, the development of an LNG industry will buffer the impact that the downturn of the resource sector is having.

B.C. engineers bring their technical knowledge and commitment to public safety to every stage of the LNG process. Engineers and geoscientists provide expertise in identifying sources of natural gas and in ensuring that the extraction of the natural gas is done safely and in accordance with the latest standards. Engineers specializing in natural gas projects design and monitor the construction and on-going operations of the pipelines that take the gas from the fields to the plants.

The liquefaction plants that will take the temperature of the gas to negative 160 degrees Celsius will be in done in strict accordance with international engineering standards. Even the ancillary infrastructure surrounding these plants will be designed by engineers to standards that are among the best in the world.

Once the gas is ready to be shipped, it will be loaded onto a tanker in port facilities that will be designed by engineers experienced in marine terminal design. Tanker routing is subject to the Transport Canada TERMPOL Review Process, involving over 20 in-depth studies, including navigation and risk assessments. Engineers play an integral role in identifying risks and developing strategies to mitigate these risks.

The attention to these details is reflected in the fact that since 1964, one LNG tanker has entered Tokyo harbour every 18 hours, and there has not been a single incident involving a tanker in that harbour in more than 50 years.

There is no doubt that the scope of the LNG Canada project is enormous. The liquefaction plant will cost up to $40 billion and the costs of the pipelines and the extraction will cost billions more. Against this scenario we have seen the price of natural gas drop from just under $6 to under $2.50 per million British thermal units.

The important consideration is that these are projects with a lifecycle of over 50 years. The odds are that given the growth in the world economy over time — and the increased demand from developing economies that require gas to not only power their growth, but also as a cleaner alternative to coal-power — there will be growing demand for LNG, and the investment today will be seen as a shrewd move in the years to come.

Keith Sashaw is president and CEO of the Association of Consulting Engineering Companies British Columbia (ACEC-BC).

Source: http://www.huffingtonpost.ca/keith-sashaw/lng-project-kitimat_b_9073114.html

Durango Provides Update on LNG Canada Proposal

Posted by AGORACOM-JC at 12:54 PM on Monday, January 11th, 2016

  • Announced that LNG Canada, a consortium consisting of Shell Canada Energy (TSX-SHC) and affiliates of PetroChina, Korea Gas Corp., and Mitsibishi Corp. have been granted a 40-year export licence to ship up to 38 billion cubic feet of LNG per year as reported on www.globalnews.ca
  • Scale of the project is comparable to a recently completed project located in Australia, Curtis Island LNG which can be viewed here http://www.bechtel.com/projects/curtis-island-lng/

Vancouver, BC / January 11, 2016 – Durango Resources Inc. (the “Company” or “Durango”) announced that LNG Canada, a consortium consisting of Shell Canada Energy (TSX-SHC) and affiliates of PetroChina, Korea Gas Corp., and Mitsibishi Corp. have been granted a 40-year export licence to ship up to 38 billion cubic feet of LNG per year as reported on www.globalnews.ca.

The scale of the project is comparable to a recently completed project located in Australia, Curtis Island LNG which can be viewed here http://www.bechtel.com/projects/curtis-island-lng/ which outlines the significant amount of materials required to construct an LNG export facility.

Globalnews.ca also reported that LNG Canada has not yet made a final investment decision about the project and Andy Calitz, CEO of LNG Canada stated, “If the LNG Canada project moves into construction, it will be one of the largest energy infrastructure projects ever built in Canada, and will make an important and lasting contribution to the local, provincial and national economy.”

Durango has been in contact with a European LNG group, www.reganosa.com in relation to LNG project discussions and potential collaborations. Additional updates on the Mayner’s Fortune and Smith Island Projects are expected in the upcoming weeks.

About the Mayner’s Fortune Prospect

The Mayner’s Fortune limestone property is located in the Skeena Mining Division approximately 7.5 kilometres south west of Terrace, BC and 4 kilometres west of Lakelse Lake on Lakelse River. The property is located adjacent to the CNR railway line running between Terrace and Kitimat, less than 50 kilometres away from the proposed LNG (liquefied natural gas) site at Kitimat, BC.

About Durango Resources Inc.

Durango is a natural resource company engaged in the acquisition and exploration of mineral properties. In addition to the Mayner’s Fortune and Smith Island limestone projects, the Company holds a 100% interest in the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.

For further information on Durango, please refer to SEDAR at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.