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BRIEF-Gibson Energy Inc - Outlook For Growth Capital Expenditures In 2021 Of Up To $200 Million.

Published 2020-12-07, 05:24 p/m
© Reuters.
GEI
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Gibson Energy Inc GEI.TO :

* GIBSON ENERGY INC - OUTLOOK FOR GROWTH CAPITAL EXPENDITURES IN 2021 OF UP TO $200 MILLION.

* GIBSON ENERGY INC - APPROVED ALLOCATION OF BETWEEN $25 MILLION AND $30 MILLION IN REPLACEMENT CAPITAL EXPENDITURES IN 2021

* GIBSON ENERGY INC - CONTINUES TO EXPECT 2020 GROWTH CAPITAL EXPENDITURES TO BE APPROXIMATELY $300 MILLION

* GIBSON ENERGY INC - EXPECTS TO SANCTION ADDITIONAL TANKAGE IN SECOND HALF OF 2021

* GIBSON ENERGY INC - CONTINUES TO PURSUE ADDITIONAL PHASES AT DRU WHICH, IF SANCTIONED, WOULD BE INCREMENTAL TO CAPITAL OUTLOOK

* GIBSON ENERGY INC - GIBSON REMAINS FULLY-FUNDED FOR ALL SANCTIONED CAPITAL

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