Vol. 103 No. 41 TUESDAY, OCTOBER 9, 2012
Biggar, Saskatchewan
www.biggarindependent.ca
20 pages
$
1.25 tax included
NWT post strong results for Àrst 9 months Positive financial results in the first nine months for North West Terminal (NWT) have directors confident in their planning during tough financial times. For the period beginning November 1, 2011 and ending July 31, 2012, NWT posted revenues from consolidated operations of $94.6 million and an Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of $8,865,102 (unaudited). This resulted in a net profit of $4543,144 or 1.39 cents per share. “The Board of Directors is very pleased with the company’s performance in the first nine months of the year,” explained NWT’s President, John Leier, who also farms near Denzil. “It is good to see all of our planning over the past 10 years benefiting the company and its shareholders. This is a very dynamic period in the grain industry with the elimination of the Canadian Wheat Board’s monopoly, and I’m pleased to report that NWT is well positioned as a locally owned company to continue providing superior service and marketing options to its customers.” The financial performance of NWT is substantially ahead of the same period last year when the company posted revenues from operations of $81.4 million, an EBITDA of $7,331,914, and a net profit of $3,345,651, or 1.02 cents per share. Management reported that earnings were up from the previous year primarily because of increased production and shipments by its bioproducts operations. North West Terminal is an independent farmershareholder owned company headquartered in Unity in the northwest region of the province. North West Terminal owns and operates an inland grain terminal and a bioproducts manufacturing facility at its Unity location.
Angry Birds . . . A sky full of birds - a sure sign of fall (or you’ve just been magically dropped into a Hitchcock movie),
greets the sky south of Biggar last week. (Independent Photo by Kevin Brautigam)
October land sale yields $15.2 million The October sale of Crown petroleum and natural gas rights has brought in $15.2 million in revenue for the province, bringing total land sale revenues for the 2012 calendar year
to $94.2 million. Intense competition for Viking Sand lease parcels in west-central Saskatchewan was the highlight of October’s sale. Since 2009, horizontal
Sabre rattling . . . Biggar Central School Blazer, Jared McLeod carries against an attacking Macklin Sabre, September 29. The Blazers capitalized on a home field,
drilling in the Viking Sand has seen a significant increase in production from 1,250 barrels per day to 17,500 barrels per day. “These numbers reflect the expanded use of the
technology that originally unlocked the Bakken Fo r m a t i o n ,” M i n i s t e r responsible for Energy and Resources Tim McMillan said. “The benefit of this technology is helping
dumping the visitors 58-8. Their next home game is this Friday. (Independent Photo by Kevin Brautigam)
drive production and land acquisition across the province.” October’s sale included 125 lease parcels that brought in $11.8 million in bonus bids and nine petroleum and natural gas exploration licences that sold for $3.4 million. The Kindersley-Kerrobert area received the most bids with sales of $8.5 million. The WeyburnEstevan area was next at $3.4 million, followed by the Lloydminster area at $3.3 million. The Swift Current area received no bids. The highest price for a single parcel was $1.6 million. Scott Land and Lease Ltd. acquired this 1,295-hectare exploration licence southwest of Kindersley. The highest price on a per-hectare basis was $8,532. Scott Land and Lease Ltd. bid $552,447 for a 64-hectare lease parcel north of Kisbey. The next sale of Crown petroleum and natural gas and oil sands dispositions will be held on December 3, 2012.