TPLM
Posted: Mon Sep 16, 2013 8:44 pm
This small-cap just keeps looking better and better to me. It will report strong Q3 and Q4 production growth. - Dan
DENVER, Colorado, September 16, 2013 - Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) today announced that it has signed definitive agreements with joint venture partner First Reserve`s Energy Infrastructure Fund ("FREIF") to expand the Caliber Midstream Partners, L.P. ("Caliber") midstream and infrastructure system.
Expansion Project Details
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The expanded Caliber system will service all Triangle-operated acreage in McKenzie County, ND including recently acquired assets
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Expansion service lines include crude oil stabilization and transportation, produced water transportation and disposal, and freshwater delivery services
•
Expected to be in-service on or before June 1, 2014
•
Expansion project includes a 50,000 bbl/d pipeline from the Caliber Central Facility to Alexander, ND, where Caliber plans to build 40,000 barrels of crude oil storage and related infrastructure, providing Triangle and other customers with access to multiple crude oil pipelines, rail terminals and market centers in the Williston Basin
DENVER, Colorado, September 16, 2013 - Triangle Petroleum Corporation ("Triangle" or the "Company") (NYSE MKT: TPLM) today announced that it has signed definitive agreements with joint venture partner First Reserve`s Energy Infrastructure Fund ("FREIF") to expand the Caliber Midstream Partners, L.P. ("Caliber") midstream and infrastructure system.
Expansion Project Details
•
The expanded Caliber system will service all Triangle-operated acreage in McKenzie County, ND including recently acquired assets
•
Expansion service lines include crude oil stabilization and transportation, produced water transportation and disposal, and freshwater delivery services
•
Expected to be in-service on or before June 1, 2014
•
Expansion project includes a 50,000 bbl/d pipeline from the Caliber Central Facility to Alexander, ND, where Caliber plans to build 40,000 barrels of crude oil storage and related infrastructure, providing Triangle and other customers with access to multiple crude oil pipelines, rail terminals and market centers in the Williston Basin