Alliance Pipeline force majeure results in temporary production suspension by Seven Generations
TSX: VII
CALGARY, Aug. 7, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) was informed by Alliance Pipeline that an operational event has caused the pipeline company to call for natural gas suppliers to suspend pipeline injections for an indeterminate period of time.
Seven Generations has been directed to suspend injection into the Alliance Pipeline on the morning of Friday, August 7, 2015. This suspension will result in a deferral of essentially all of Seven Generations' production until the situation is resolved. 7G intends to use this temporary event to conduct maintenance of its production and processing facilities.
Alliance Pipeline advised shippers Thursday evening that an amount of hydrogen sulfide (H2S) entered into its mainline pipeline system as a result of complications experienced by an upstream operator. Alliance has declared this to be a force majeure event.
Seven Generations will provide updates as additional information is available.
About the Company
Seven Generations is a low-cost, high-growth Canadian gas developer generating long-life value from its liquids-rich, natural gas Kakwa River Project, located about 100 kilometres south of its operations headquarters in Grande Prairie, Alberta. 7G's corporate headquarters are in Calgary and its shares trade on the TSX under the symbol VII.
SOURCE Seven Generations Energy Ltd.
Investor Relations: Brian Newmarch, Director, Capital Markets, Phone: 403-767-0752; Media Relations: Alan Boras, Director, Communications and Stakeholder Relations, 403-767-0772; Seven Generations Energy Ltd., Suite 300, 140 - 8th Avenue SW, Calgary, AB T2P 1B3
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