To: johnlw who wrote (184416 ) 8/3/2014 8:59:46 AM From: johnlw Respond to of 206161 Gibson Energy expands rail terminal at Hardisty 2014-07-31 17:14 ET - News Release Mr. Brent Campbell reports GIBSON ENERGY AND USD GROUP ANNOUNCE COMMENCEMENT OF SUCCESSFUL OPERATIONS AT HARDISTY RAIL TERMINAL AND OPEN SEASON ON PHASE 2 Gibson Energy Inc. and USD Group LLC have commenced successful operations at the Hardisty rail terminal and their intention to begin soliciting customer commitments for the second phase of development of the terminal located near Hardisty, Alta. (phase 2). The companies expect that phase 2 will double the crude oil loading capacity at the Hardisty rail terminal from two to four 120-railcar unit trains per day. The first phase of the jointly developed Hardisty rail terminal (phase 1) was successfully commissioned on June 30, 2014, allowing customers to move crude oil to various end markets. All operations have progressed safely and according to expectations. "After successfully commissioning phase 1 on time and on budget, we are pleased to announce our intention to begin industry conversations with new and existing customers for the development and construction of phase 2," said Brent Campbell, Gibson's vice-president, commercial development. The companies expect the development time frame for phase 2 to be approximately 18 months from a decision to proceed, based on expected timelines for receipt of specialized equipment. "We are excited to go into the next stage of development of our Hardisty rail terminal. We believe it provides a flexible and sustainable industry solution to our customers, allowing their product to efficiently and effectively reach end-markets. We are also very proud to have successfully completed phase 1 of this project -- constructing a terminal of such magnitude on time and on budget is a true testament to the capabilities of the Gibson and USDG teams," said Bill Swan, USDG vice-president, business development. We seek Safe Harbor.