VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 12, 2013) - Highbank Resources Ltd. (TSX VENTURE:HBK)(V7O.F) (the "Company") is very excited by the latest news regarding four more liquefied natural gas ("LNG") projects proposed, all in the Prince Rupert area. British Columbia's potential LNG production boom just got bigger.
British Columbia's Energy Minister Rich Coleman announced Wednesday that the provincial government has received four "new major international LNG project proposals".
Multinational companies including Nexen, Imperial Oil/ExxonMobil, Woodside Petroleum of Australia and Korea's SK E&S are the latest LNG proponents on a list that already includes Shell, PetroChina, Chevron Canada, BG Group and Petronas.
Nexen is joined in its project by state-owned CNOC-China's largest producer of gas and oil and Japanese petroleum company INPEX.
Woodside is Australia's largest independent oil and gas company and operates six of seven LNG processing facilities on that continent.
Imperial/Exxon is the world's largest international oil and gas company.
The four new proponents emerged in response to a provincial call for expressions of interest to situate facilities on Crown land at Grassy Point, north of Prince Rupert and within 40 miles of Highbank's Swamp Point North, Portland Canal aggregate project. To view a map of all three proposed LNG sites in B.C. from the February 22, 2013 - Globe and Mail -
The construction of these massive LNG plants will require vast amounts of construction aggregates throughout their build.
For further information on this announcement visit our website. To view this front page story in the Vancouver Sun
- April 11, 2013 http://www.vancouversun.com/news/Four+more+projects+proposed/8226268/story.html
On Behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President