Argentia West White Rose Agreement

Port de l`Argentia hopes its strong southwesterly winds can convince an Alberta energy company to invest millions of dollars in the local economy. . Husky is an integral part of our breakfast program at the Jimmy Pratt Memorial`s Over-roof Centre. Over the past seven years, husky volunteers have been the main stay that, along with our in-house volunteers, has provided the stability necessary for the success and growth of our weekly hot breakfast program. Thanks to Husky`s financial and volunteer support, we are able to serve up to 120 breakfasts for downtown residents. Husky`s presence in the community has been a great asset to our clients, our organization and many others, and I would like them to have a long future here. – George Parsons, Jimmy Pratt Memorial Outreach Centre The concrete base is supposed to be 122 metres wide and 145 metres high. The project is 60% complete. Some of the forward-looking statements may be identified by forward-looking statements, expectations, beliefs, plans, goals, assumptions or future achievements express or discuss (often, but not always, by using words or phrases such as “will likely result,” “is expected,” “expected,” “targeted,” “estimated,” “project,” “project,” “project,” “could,” “target,” “goals,” “goals,” “goals,” “goals,” “planned” and “planned.” Forward-looking statements contained in this press release include references to the company`s overall strategic plans and growth strategies, but are not limited to the company`s overall strategic plans and growth strategies; the expected delay of the first West White Rose oil; The expected peak production capacity at West White Rose; and the expected benefits of the West White Rose Project.

A senior vice-president with Husky stated that the company requested an agreement similar to ottawa`s with the Hibernia project in the 1990s. At that time, the federal government invested US$431 million for an 8.5% share of the transaction. Kim Guttormson, Manager, Communications Services 403-298-7088 Until the closing of the transaction – an expected event in the first quarter of 2021 – Cenovus and Husky will continue to act as separate and independent companies, the spokeswoman added. “It`s a bit of a turning ball, but I think we`re going to be okay,” he said. The West White Rose project represents a significant investment for the local energy industry and the recovery of the project now protects skilled jobs and creates jobs for the future.