Growth Through Successful Exploration and Drilling Strategies
Compressor Station Acquired
by NordicOn February 1, 2008, the Company acquired an 85% interest in a compressor station in Joffre, Alberta owned by Desoto Resources Limited, a related party. The purchase price was $350,000 and was made at the exchange amount (the amount of consideration established and agreed to by the related parties).
In conjunction with this acquisition, Desoto, which is the operator in the area, signed a contract with a major pipeline company to transport the Company’s gas. In conjunction with this transport agreement, the transporter will also build a new metering station, approximately 3 kilometers south of the Company’s property. The station is projected to be online in Q2 2009.
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16-12 Building and Yard
16-12 Compressor
16-12 Compressor Building
16-12 Compressor Door
16-12 Compressor from Yard
16-12 Separator Building
16-12 Separator Equipment
16-12 Yard and Building
Other Properties:
The Preeceville / Endeavour Property
The Peace River Arch /Talbot Lake Property
