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BRIEF-Gibson Energy Announces 500,000 Barrel Expansion At Hardisty Terminal

Published 2019-03-01, 01:37 p/m
© Reuters.  BRIEF-Gibson Energy Announces 500,000 Barrel Expansion At Hardisty Terminal
GEI
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March 1 (Reuters) - Gibson Energy Inc GEI.TO :

* GIBSON ENERGY ANNOUNCES 500,000 BARREL EXPANSION AT HARDISTY TERMINAL, AND PROVIDES UPDATE ON INFRASTRUCTURE GROWTH PROJECTS AND NON-CORE DISPOSITIONS

* GIBSON ENERGY INC - NEW 500,000 BARREL TANK IS EXPECTED TO BE IN SERVICE IN Q4 OF 2020

* GIBSON ENERGY - CONTINUES TO PROGRESS SALE OF CANADIAN TRUCK TRANSPORTATION; EXPECTS THAT NON-CORE DISPOSITION PROCESS WILL BE COMPLETED BY MID-2019

* GIBSON ENERGY - EXPANSION OF MOOSE JAW FACILITY EXPECTED TO INCREASE THROUGHPUT CAPACITY BY APPROXIMATELY 30% AT A CAPITAL COST OF $20 MILLION TO $25 MILLION

* GIBSON ENERGY - CONTINUES TO ADVANCE EXPANSION OF MOOSE JAW FACILITY, EXPECTED TO ENTER SERVICE AHEAD OF SCHEDULE IN Q2 2019

* GIBSON ENERGY - MOOSE JAW FACILITY EXPANSION EXPECTED TO INCREASE THROUGHPUT CAPACITY BY ABOUT 30% AT CAPITAL COST OF $20 MILLION TO $25 MILLION

* GIBSON ENERGY INC - EXPECTS THAT NON-CORE DISPOSITION PROCESS WILL BE COMPLETED BY MID-2019

* GIBSON ENERGY - EXPECTS AGGREGATE PROCEEDS FROM NON-CORE DISPOSITION PROCESS NEAR MIDPOINT OF $275 MILLION - $375 MILLION TARGET RANGE

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