CANADA MEETS AFRICA IN TORONTO
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SNC-Lavalin Completes Landmark Aquisition of Kentz
SEPTEMBER 2014, ISSUE 6
Canary Islands A platform for Canadian
companies expanding in Africa
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The Rising Africa Magazine is a Trans Africa Business Corporation publication, published in partnership with Canadian Council on Africa, and dedicated to promoting success stories of Canadian and African Businesses and Institutions. Historical and forecasted growth of African countries has established the continent as the next frontier for investments and business. Africa is endowed with valuable natural resources, arable lands for agriculture, water and ideal environment for renewable energy. Its large young and energetic population is an asset that is ready and trainable labor force. All of these factors combined reveal the opportunity for growth in the continent. In order for African countries to make this growth potential a reality, they need to build strong partnerships and business linkages with private and public stakeholders from around the world. The Rising Africa Magazine was established to facilitate this goal by providing Canadian and African companies and institutions the space to present their expertise, technologies, knowhow, achievements and contribution to the growth of Africa. The Magazine has organically and rapidly increased its readership, which now includes large network of readers from all over the world and specifically in Africa and in Canada.
Nola Kianza Executive Chairman, The Rising Africa Magazine
As Founder and Director of Canadian Council on Africa and Executive Chairman for The Rising Africa Magazine, I warmly invite companies and institutions to use the magazine as a vehicle to showcase their capabilities and enhance their visibility within and outside the continent.
Contents SEPTEMBER 2014
RISING AFRICA
THE
8
CCC Committed to Africa
FEATURES 4 Canary
Islands A platform for Candian companies expanding in Africa
11 New
6
SNC-LAVALIN Completes Landmark Aquisition of Kentz
8 Canada
Meets Africa in
Toronto
CCC Committed to Africa, Local Knowledge and Local Presence Essential
10 SAMA
Resources Confirms Geological Model
Canadian Council on Africa Members W W W.T H E R I S I N G A F R I C A . C A
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CANARY ISLANDS,
a platform for Canadian companies expanding in Africa
T
The Canary Islands, an autonomous region of Spain is conveniently situated geographically off the coast of West Africa and is a gateway to the region with 2 million inhabitants and $55 000 millions GDP. In June 2014 President Rivero presented the new European Union supported strategy for the Canary Islands, as the European Business Hub in Africa. Essential geo-strategic enclave in the tricontinental route As the only European Union region located 50 miles off the coast of South Morocco, the Canary Islands, Spain, are becoming a safe platform for global companies that need to reach economies of scale to expand in the fragmented markets of Sub-Saharan Africa.
400 flights per week to UK
The Canary Islands have eight airports, six of which are international, receiving over 34 million passengers a year. These allow for around 1,500 direct flights a week to all the main European cities with the leading international airlines, thanks to the tourism industry which moves around 12 million tourist every year to the region. As an example of its superb connectivity, the Canary Islands have 467 direct flights a week to the United Kingdom and 334 to Germany.
300 flights per week to Germany
Casablanca MOROCCO Marrakech Agadir
CANARY ISLANDS
43 direct flights to Africa per week
El Aiun
Dakhle Nouadhibou MAURITANIA Nouakchott
MALI
NIGER
SENEGAL GAMBIA GUINEA BISSAU
BURKINA FASO
GANA
GUINEA CONAKRY SIERRA LEONA LIBERIA
TOGO BENIN
CABO VERDE Praia Sal
NIGERIA
IVORY COAST
DIRECT FLIGHTS
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MARITIME CONNECTIONS
SUBMARINE CABLE
Bata
EQUATORIAL GUINEA
The Canary Islands, an an The Canary Islands, ideal ideal location for setting the the location for setting headquarters of companies that that headquarters of companies operate in Africa. The employees operate in Africa. The employees and their families enjoy the the and their families enjoy best climate in theinworld with with best climate the world services and aand quality of lifeofoflife of services a quality the highest European standard. the highest European standard. As a result the Canary IslandsIslands havinghaving Regarding the number of bilingual UnionUnion (EU). (EU). The REF As a of result of the Canary Regarding the number of bilingual ropeanropean Theincludes REF includes the best deep water port infrastructure in schools: among other fiscal incentives two Free the best deep water port infrastructure in schools: among other fiscal incentives two Free the region, maritime connectivity with · 3 French schools Trade Zones and the benefits offered the region, maritime connectivity with · 3 French schools Trade Zones and the benefits offered over 40over ports Africa, convenient air air · 7 German schoolsschools by locating their operations withinwithin the the 40in ports in Africa, convenient · 7 German by locating their operations connections, 41 direct flights per week to · 1 Japanese school Canary Islands Special Economic Zone connections, 41 direct flights per week to · 1 Japanese school Canary Islands Special Economic Zone AfricanAfrican countries, and full integration in · 1 American schoolschool (ZEC)(ZEC) which which was authorized by the by the countries, and full integration in · 1 American was authorized the European Union legal system, many · 1 Norwegian school European Commission in 2000. the European Union legal system, many · 1 Norwegian school European Commission inZEC 2000. ZEC organizations have based their location · 16 British schools entities are subject to Corporate Tax in Tax in organizations have based their location · 16 British schools entities are subject to Corporate decisions in choosing the Canary IslandsIslands · 2 Swedish schoolsschools force inforce Spain at abut reduced rate ofrate of decisions in choosing the Canary · 2 Swedish in but Spain at a reduced as theirasstrategic operations hub. This 4% applicable (compared to 25% their strategic operations hub. This 4% applicable (compared towhich 25% which includes USAID, the UN World Food Furthermore, the Canary Islands have 9 is the European average) and they includes USAID, the UN World Food Furthermore, the Canary Islands have 9 is the European average) andare they are Program, and theand International Red Red public public hospitals and 25and private ones. ones. exemptexempt from withholding of dividends Program, the International hospitals 25 private from withholding of dividends Cross, Cross, have decided to relocate their their from ZEC to theirtoparent have decided to relocate fromsubsidiaries ZEC subsidiaries their parent respective logistic centers for West Africa Mining companies have chosen to locate companies in other country, with which respective logistic centers for West Africa Mining companies have chosen to locate companies in other country, with which to the Port Las of Palmas. their global AfricanAfrican headquarters in the in the Spain has signed an agreement so as toso as to to theofPort Las Palmas. their global headquarters Spain has signed an agreement CanaryCanary Islands,Islands, after determining the the avoid double taxation. after determining avoid double taxation. High-end infraestructures Islands as the best location for their exHigh-end infraestructures Islands as the best location for their exin a cosmopolitan regionregion patriates in terms proximity, cost and The Canary IslandsIslands Government is wor-is worin a cosmopolitan patriates in of terms of proximity, cost and The Canary Government As theAs Canary IslandsIslands is one of the world efficiency, combined with a with localalabour king closely with the African neighbour the Canary is one of the world efficiency, combined local labour king closely with the African neighbour leadersleaders touristtourist destinations, the region market of highly skilled professionals and states, particularly with Morocco, Mau- Maudestinations, the region market of highly skilled professionals and states, particularly with Morocco, is at theis top within EuropeEurope in terms salaries. ritania,ritania, Cape Verde and Senegal. One ofOne of at the top within in of terms ofcompetitive competitive salaries. Cape Verde and Senegal. qualityquality of health services and internatiothe areas of collaboration is the transfer of health services and internatiothe areas of collaboration is the transfer nal schools. In fact,Inthe Canary IslandsIslandsThe best tax tax of Renewable EnergyEnergy technologies to nal schools. fact, the Canary Thecorporate best corporate of Renewable technologies to have two public universities, one on each in the European Union West Africa, and being a major partner have two public universities, one on each in the European Union West Africa, and being a major partner of the two main the University of Many have also taken in the regional EnergyEnergy of the twoislands: main islands: the University of companies Many companies have also the taken the of the ECOWAS of the ECOWAS in the regional La Laguna, in Tenerife, and the Univeropportunity to take advantage of fiscal Efficiency for West Africa. La Laguna, in Tenerife, and the Univeropportunity to take advantage of fiscal Efficiency for West Africa. sity of sity Las of Palmas de Gran in that thethat Canary IslandsIslands offer. offer. Las Palmas deCanaria, Gran Canaria, in incentives incentives the Canary Gran Canaria. Between the twothe oftwo of Traditionally, the Canary IslandsIslands have have As partAsofpart the EU, theEU, Canary IslandsIslands Gran Canaria. Between Traditionally, the Canary of the the Canary them, they had a total of 50.262 students always had a different and stable tax and leads the European Union cross-border them, they had a total of 50.262 students always had a different and stable tax and leads the European Union cross-border enrolled in 2013, ofhalf whom were were economic regimeregime to off-set the island programs that arethat aimed to strenenrolled inover 2013,half over of whom economic to off-set the island fundedfunded programs are aimed to strenstudying science and technology. Their factor, fragmentation and distance in gthen cooperation with West Africa. studying science and technology. Their factor, fragmentation and distance in gthen cooperation with West Africa. universities belongbelong to the network of with the restthe of rest Spain universities to the network of comparison comparison with of and Spain and AfricanAfrican universities and co organise the Europe. To this end, they have their universities and co organise the Europe. To this end, they haveown their own annualannual meeting of deans put to into place Economic and Tax Regime (REF, from meeting of to deans put into place Economic and Tax Regime (REF, from programmes for knowledge transfer and and the Spanish) under under Spanish legislation programmes for knowledge transfer the Spanish) Spanish legislation collaboration among them. and with the full authorisation of the Eucollaboration among them. and with the full authorisation of the EuW W W.T H E R I S I N G A F R I C A . C A
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SNC-LAVALIN
Completes Landmark Aquisition of Kentz A key milestone in SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction company Montreal, August 22, 2014 —SNC-La-
valin Group Inc. (TSX: SNC) is pleased to announce that it has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The transaction creates a group with approximately 45,000 employees, annual revenues of about C$10 billion and a backlog of roughly C$13 billion as per 2013 figures. The combined company will also have a strong position in the world’s most dynamic growth markets, including the Middle East, North America, Latin America and Asia-Pacific. “SNC-Lavalin is thrilled to welcome the employees of Kentz, who are the heart and soul of the remarkable company we are acquiring today,” said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. “We expect that our combined capabilities will give us one of the best broad-based service offerings in the E&C industry, while expanding our presence in key growth markets.”
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Transformational growth in oil and gas
The acquisition of Kentz transforms SNC-Lavalin’s oil and gas capabilities, creating a group of approximately 20,000 high-caliber employees with industry leading expertise for large and complex projects in the upstream, liquefied natural gas (LNG), unconventional (shale gas and oil sands), pipelines, offshore jackets and steam-assisted gravity drainage (SAGD) sectors. “We have now begun implementing our plan, which aims to ensure our teams are combined efficiently, respectfully and as rapidly as possible,” said Neil Bruce, President, Resources, Environment & Water, SNC-Lavalin Group Inc. “We will be bringing together the best capabilities of our two firms for the direct benefit of our clients. Our goal will be to build strong and lasting relationships with our customers through consistently delivering on our commitments and providing the best mix of value and services.” Kentz will be incorporated into SNC-Lavalin while simultaneously integrating SNC-Lavalin’s current Oil & Gas business into Kentz’s operations. Christian Brown, Kentz’s Chief Executive Officer, now becomes President, Oil & Gas, SNC-Lavalin Group
Inc. Mr. Brown will continue to be stationed in Houston, Texas, and will report directly to Neil Bruce. “Joining SNC-Lavalin will provide us with the ability to execute larger scopes for major projects, and enhance our access to new geographies in both North America and Latin America,” said Christian Brown. “We look forward to bringing our clients complete end-to-end solutions for their projects by merging SNC-Lavalin’s strong front-end engineering and design capabilities with our industry-leading construction management, commissioning and operations capabilities.” SNC-Lavalin paid £9.35 (C$17.13) per share for a total purchase price of approximately £1.2 billion (C$2.1 billion). Kentz shareholders voted in favour of SNC-Lavalin’s offer at a meeting convened by order of the Court and an Extraordinary General Shareholders Meeting, both held on August 11, 2014. The offer was structured as a Scheme of Arrangement and the Scheme Court Hearing was held on August 21, 2014. Following the sanction of the Court, the acquisition became effective in accordance with its terms on August 22, 2014.
Forward-looking statements
This press release contains statements that are or may be “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. All statements other than statements of historical fact included in this press release may be forward-looking statements. Without limitation, any statements preceded or followed by or that include the words “targets”, “plans”, “believes”, “expects”, “aims”, “intends”, “will”, “should”, “could”, “would”, “may”, “anticipates”, “estimates”, “synergy”, “cost-saving”, “projects”, “goal” or “strategy” or, words or terms of similar substance or the negative thereof, are forward looking statements. Forward looking statements include statements relating to the following: (i) future capital expenditures, expenses, revenues, earnings, economic performance, indebtedness, financial condition, losses and future prospects; and (ii) business
and management strategies and the expansion and growth of SNC-Lavalin or Kentz’s operations and potential synergies resulting from the transaction. These forward looking statements are not guarantees of future financial performance. Such forward looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. All subsequent oral or written forward-looking statements attributable to SNC-Lavalin or any of its directors, officers or employees or any persons acting on their behalf are expressly qualified in their
entirety by the cautionary statement above. SNC-Lavalin disclaims any obligation to update any forward-looking or other statements contained herein, except as required by applicable law.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin’s approximately 45,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including oil and gas, mining and metallurgy, environment and water, infrastructure and power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
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Canada Meets Africa in Toronto
Growing Canadian Interests
The Canadian Government has been actively engaged in Africa to build on economic growth in the region through the negotiation of investment protection and promotion agreements. The new Canadian international trade plan, the Global Markets Action Plan: The Blueprint for Creating Jobs and Opportunities for Canadians Through Trade, was launched by the Minister of International Trade, the Honourable Ed Fast, in late 2013. Under the Global Markets Action Plan, South Africa was identified as a key African market with broad Canadian interests. Some of the most promising emerging markets for Canadians, however, are ones with more targeted sectoral interests such as Benin, Burkina Faso, Cameroon, Cote d’Ivoire, Ghana, Madagascar, Mali, Morocco, Nigeria, Senegal, Tanzania, Tunisia, and Zambia.
CCC Committed to Africa
The Canadian Commercial Corporation, the international contracting organization of the Government of Canada, has been active in Africa over the last two decades. One of the Corporation’s main strategies has been to engage with the heads of missions based in Ottawa to not only introduce CCC, but also to share the very real benefits of the government to gov¬ernment approach to project delivery with key officials and to highlight the expertise that Canadian companies bring to complex infrastructure projects. CCC has the authority to sign interna¬tional contracts on behalf of the Crown for purchases destined for a foreign gov¬ernment. This provides foreign govern¬ment buyers with the option of a govern¬ment to government arrangement that can reduce the time, cost and risk of interna¬tional tendering. It also offers a very prac¬tical mechanism for bilateral cooperation in key areas such as national security and infrastruc¬ture development. Don Olsen, CCC’s Director for Africa and
Africa is one of the fastest-growing economic regions in the world, which not only means many new opportunities for business, but also increased competition. In recent years, several African countries have experienced improvements to their business environment, above-average GDP growth rates, and now offer the promise of significant infrastructure project opportunities. That said, it remains important to focus one country at a time, as each country may require a unique approach and targeted effort. Canadian companies must consider market selection and entry strategies carefully.
the Middle East, is enthusiastic about the reception he has been receiving from senior government officials in countries such as Tanzania, Ghana, Morocco, Kenya, Gabon, Botswana, Mozambique, Senegal, Ethiopia, Nigeria, and Cameroon with regards to their openness to government to government contracting. “Overall we look for countries that are open to the concept of government to government contracting, that have a stable business environment and rule of law, and where our partners at Export Development Canada, Canada’s export credit agency, and/or commercial lending institutions are open to sovereign lending. These are the ideal conditions for successful project collaboration and delivery,“ says Mr. Olsen. CCC sees a lot of potential in Africa; rapid urbanization in many countries is putting tremendous pres-sure on infrastructure. The Corporation is taking a very active role in engaging with clients from Africa to show them the solutions that Ca¬nadian companies can offer for their water, transportation, energy infrastructure, domestic governance and secu¬rity needs.
Local Knowledge and Local Presence Essential
Canadian companies looking at markets in Africa need good knowledge of the business and regulatory environment in their targeted market. CCC advises companies to contact Export Development Canada (EDC) about financing, to talk to Canadian Trade Commissioners and Canadian Council on Africa about key contacts in the market, and to let CCC know if a government to govern¬ment transaction would make their proposal more attractive to their international customer. A local presence through a representative office or agent in country can be crucial to developing relationships and opportunities. “Having a presence on the ground is key to building relationships with local banks, public institutions and businesses,” shares Mr. Olsen.
Project Success Factors
Over the years, CCC has seen the evolution of public procurement in Africa. Savvy buyers are looking for turnkey solutions at a decent price with an attractive financing package to support it. Looking at specific projects, the likelihood of obtaining financing often depends on two key pillars: a) the ability to attract financing from commercials banks, which of course will depend on the project term and potential return on investment, and b) the ability or appetite of the local government to participate in the financing of the transaction. Highly bankable projects are usually a government priority and often budgeted for within the fiscal framework. These projects frequently have a revenue stream such as those found in power generation, transportation infrastructure such as ports and airports, and information technology to support taxation, for example. For those projects where the government is unable to participate in the project financing, it is important to understand how commercial banks are assessing the project viability. In addition to the term and repayment period being acceptable, the bank will also look at the availability of EDC insurance on the sovereign loan, the over-all risk profile of the borrowing government and the guarantor, the financing partners interested in the project as well as the potential for follow on business as a result of the project. Canadian companies have experienced enhanced market access in a growing number of regions in Africa and government officials in many countries are seeing the value that CCC can offer for acquisitions from Canada. “I am very excited about the potential for collaboration on projects in Africa,” shares Mr. Olsen, “and I hope to see many more projects delivered by CCC in the coming years.”
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SAMA RESOURCES
Sama Confirms Geological Model at Depth Intersecting 149 metres of Mineralization including; 9.2 metres of 0.46% Nickel, 1.12% Copper
Highlights:
• Confirms pipe-like intrusion as a 1.6 kilometre long, large fold linking the Samapleu Main and the Extension 1 deposits and solidifies the geological model at depth • Hole SM44-683140 returned 149 metres grading 0.30% nickel, 0.29% copper and 0.42 gpt palladium including; 9.2 metres grading 0.46% nickel, 1.12% copper and 1.11 gpt palladium • Hole SM44-683140B, terminated in mineralization with a bottom intercept of 3.4 metres grading 1.12% nickel, 0.50% copper and 1.61 gpt palladium • ndividual grades of up to 6.55% copper, 3.20% nickel, 2.06% nickel were intersected in the first two holes at depth
Montreal, Québec, August 12, 2014 -
(TSX Venture: SME). Sama Resources Inc./ Ressources Sama Inc. (“Sama” or the “Company”) is pleased to announce that the Company has confirmed the pipe-like intrusion as a 1.6 kilometre (“km”) long, large fold linking the Samapleu Main and the Extension 1 deposits and solidifies the geological model at depth.In addition, exploration hole SM44693140 intercepted a continuous mineralized zone of 149 metres (“m”) grading 0.30% nickel 0.29% copper, 0.04% cobalt, 0.42 gram per tonne (“gpt”) palladium at the Samapleu Main nickel-copper-palladium deposit in Côte d’Ivoire, West Africa. The SM44-693140 interval started 347m from surface and included several semi-massive high grade sulphide lenses, including a 30m combined interval grading 0.50% nickel, 0.89% copper and 0.83 gpt palladium within intercepts of up to 2.06% nickel and 1.54% nickel. “These impressive intercepts confirm the magnitude of the newly discovered system that form part of what we believe to be the next world class polymetallic district in West Africa”, commented Dr. Marc-Antoine Audet, President and CEO of Sama.“This large pipelike intrusion has strong similarities with other world class deposits such as Jinchuan 10
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(515 million tonnes (“Mt”) at 1.06% nickel), Voisey Bay (137Mt at 1.68% nickel), Kabanga (52Mt at 2.65% nickel), Eagle (4.5Mt at 3.33% nickel), Eagle Nest (20Mt at 1.68% nickel) and Kalatongke (24Mt at 0.68% nickel).” Dr. Marc-Antoine Audet added. Two additional boreholes were drilled in June-July 2014; SM44-683140B and SM34626442. Both targeted strong Tri-dimensional Conductivity Depth Imaging (“CDI”) targets. Hole SM44-683140B intercepted a total of 91m of mineralized pyroxenite with several semi-massive to massive sulphide stringers and lenses before been terminated within the mineralization due to maximum depth capability of our drill rig. Tenors of up to 6.55% copper and an interval of 3.4m grading 1.12% nickel, 0.50% copper and 1.61gpt palladium were intercepted at the bottom of the hole which suggest that the mineralization continued at depth. The hole will be deepened using a more powerful drilling rig in order to fully test the bottom of the pipe-like intrusion that forms the large fold and returns very strong conductivity responses over a strike length of 1.6km and links the Samapleu Main and the Extension 1 deposits.
Hole SM34-626442 is currently being assayed. The current drilling program is targeting
strong CDI targets generated from the Helicopter Electromagnetic survey (HTEM) in the vicinity of the Samapleu Main, Extension 1 and the Yepleu deposits. All high priority CDI’s targets could be related to the presence of mineralization in various concentrations including semi-massive to massive lenses within what Sama believes to be the mineralized trend extending at depth and also laterally. The table set out below shows the details for mineralized intercepts. Intercepts were defined using 0.1% nickel cut-off grades. Readers are invited to click on following link to have access to Samapleu Main and Extension 1 deposit surface map showing boreholes location and on the three subsequent links for visualizing vertical cross-sections with geophysical targets and proposed borehole outlines. The technical information in this release has been reviewed and approved by Dr. Marc-Antoine Audet, P.Geo and President and CEO of Sama, and a ‘qualified person’, as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. To view this entire press release please visit: http://www.samaresources. com/s/NewsReleases.asp?Dat-
New Member
Earth Alive
Clean Technologies Earth Alive Clean Technologies develops and manufactures a variety of state-of-the-art microbial technology-based products. Our Agriculture Division offers a complete line of certified organic, cutting-edge soil amendments and inputs to meet the needs of all agricultural producers. Our Mining Division provides mine operators with a patented dust suppressant product free of harsh chemicals usually used to control dust. Our mosquito elimination treatment is used with great success the world over. Earth Alive Clean Technologies develops and manufactures a variety of state-of-the-art microbial technology-based products.
We use the latest generation of microbial spores which, once blended with a host of other proprietary ingredients, allows us to formulate and patent innovative products that can tackle the most difficult challenges, once only reserved to environmentally harmful chemicals and additives. Above all else, Earth Alive products are some of the most environmentally respectful products produced today. Most importantly, our products pass the test of the most stringent environmental standards. Microbial technology offers as many solutions as there are commercial and industrial challenges. Whether your needs are in the
field of cleaning, agriculture, road dust control, odour control, insect control, and many others, we may have the solution you have been seeking. Our microbial and bacterial spores are sold in their primary form, or blended in ready-touse powdered or liquid formulations. Earth Alive Clean Technologies can also formulate and blend specially developed products to meet your specific task, or private label needs. We ship directly anywhere in the world, or through one of our distributors worldwide. Exclusive distribution rights are also available for specific countries and territories.
New Member
Blaze Energy LTD.
BLAZE ENERGY LTD. Blaze Energy Ltd. is a privately owned,
Calgary based, oil and natural gas company with both upstream and midstream assets. Blaze currently produces approximately 5000 BOE/d which is 50% oil and NGL’s. This represents 75% of Blaze’s cashflow. The remainder is being generated by it’s significant midstream operations. Blaze conducts the majority of its operations in the Brazeau River and West Pembina areas of Alberta, Canada. The Brazeau River Complex is a significant deep cut sour gas facility which is operated and 63% owned by Blaze. Blaze also operates the 350 km gas gathering system tied into the Brazeau River Complex. As of June 30th, 2012, Blaze holds over 150,000 net acres of land in Brazeau River and West Pembina regions, 57,000 of which has Duvernay potential. This area is widely recognized for prolific production from multiple geological formations. Blaze has strategically
acquired this prosperous area and is actively developing it for its potential. Blaze has also begun an Enhanced Oil Recovery and Commercial Natural Gas Storage project through a 25% owned, 100% managed entity called Wild Rose Energy Ltd.
as well as over offsetting crown lands. Multiple productive geological formations, significant reserves, high success rates and rapid payouts combined with all season access makes this area a prime opportunity for smaller and intermediate companies.
Upstream Operations:
Midstream Operations:
The Brazeau and West Pembina areas of central Alberta, where Blaze has the majority of its assets, is a well known oil and natural gas producing region. The area was first developed by major companies in the 1980s, targetting the Devonian Nisku geological formation. While Blaze continues to actively explore for high potential Nisku opportunities, it also has access to shallow mineral rights on most of its lands, allowing for development of up to fourteen economic oil and natural gas zones. In addition, Blaze has access to more than 200 km2 of modern 3D seismic data over its lands
The Brazeau River Complex is centrally located in the Brazeau River producing region. The plant is the second largest of eight processing facilities in the area. It represents a quarter of the natural gas processing capacity and a third of the sour natural gas handling capacity in the Brazeau area. In addition to the Brazeau River Complex, Blaze also has important interest in an extensive 300+ km natural gas gathering system in the Brazeau region, most of which is designed to handle sour and liquid rich natural gas.
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