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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: Tommy who wrote (2878)	12/17/1998 11:03:00 PM
From: MURFI	Read Replies (1) \| Respond to of 3335

Isn't this the Company that has shown an interest in Epic? +Kerm Yerman (14359 ) From: +Kerm Yerman Thursday, Dec 17 1998 6:12PM ET Reply # of 14385 FIELD ACTIVITIES / Alberta Energy Announces Alberta Gas Storage Expansion CALGARY, Dec. 17 /CNW/ - AEC Storage and Hub Services, a business unit of Alberta Energy Company Ltd., today announced an expansion of its commercial storage capacity managed through the AECO C Hub. The expansion results from the conversion to a commercial storage facility of a depleted reservoir in the Peace River Arch region of northwestern Alberta, that had been used previously by AEC West for storage of produced gas. The development will add 10 billion cubic feet of working gas capacity, and 100 million cubic feet per day of injection and withdrawal capability. The new capacity will be available April 1999. In addition to NOVA access, the new capacity will also be connected to the Alliance Pipeline when it comes onstream in the year 2000. There is potential to further expand both working gas capacity and injection/withdrawal rate at this new site. ''By integrating this new location in northwestern Alberta with our existing facilities at Suffield, we will be able to offer incremental capacity and additional features to both new and existing AECO customers, such as upstream injection rights and direct storage access to the Alliance Pipeline,'' said Rick Daniel, Vice-President, AEC Storage and Hub Services. ''AEC will begin marketing this new capacity, as well as these incremental features, early in 1999,'' according to Paul Amirault, Manager, AECO Marketing. ''We anticipate considerable interest in the additional flexibility this new project will create for storage Customers.'' The AEC Storage and Hub Services business unit is acting on its mandate for growth with this addition to the AECO C Hub, one of North America's largest storage facilities, and by developing, through a subsidiary corporation, the Wild Goose storage project in California. The Wild Goose project is presently under construction and will also commence commercial operation this April. Focused and growing, Alberta Energy Company Ltd. is one of Canada's largest upstream natural gas and oil exploration and production companies. Profitable midstream investments in pipelines, as well as natural gas storage and gas liquids processing, provide an additional solid income base. AEC's current stock market value exceeds C$4 billion. Common Shares trade on the Toronto and Montreal stock exchanges (AEC) and on the New York Stock Exchange (AOG).