Apex Announces News on Fortunes of Industry Leaders Hinging on Fate of Massive Infrastructure Projects of Canada's Pipelines.SALT LAKE CITY -- -Investments of over $10 Billion to Fuel North America's Red-Hot Energy Economy- Apex Resources Group Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:APXR), today reported on an industry update concerning the energy industry's most crucial year, with investments of over $10 billion to fuel North America's red-hot energy economy. The new year, industry watchers say, will be crucial in deciding which multi-billion mega-projects are built and by whom. The fortunes of some of Canada's largest public companies, including Imperial Oil, Enbridge Enbridge TSX: ENB NYSE: ENB is a Calgary, Alberta based company which is focused on three core businesses: crude oil and liquids pipelines, natural gas pipelines, and natural gas distribution. The company has over 4,000 employees, mostly in Canada, the U.S. and TransCanada The term TransCanada can refer to several things:
There will be key decisions made on the $7 billion plan to build a gas pipeline along the MacKenzie Mackenzie, river, c.1,120 mi (1,800 km) long, issuing from Great Slave Lake, Northwest Territories, Canada, and flowing generally NW to the Arctic Ocean through a great delta. Between Great Slave Lake and Lake Athabasca it is known as the Slave River. Valley in Canada's north. The MacKenzie Valley natural gas pipeline would constitute Canada's biggest pipeline project ever. It would also direct much-needed natural gas to southern markets - 1.2 billion cubic feet per day. The initial review of MacKenzie by the National Energy Board will be nearing completion early this year. This should give the producer group a clear idea of how quickly they must proceed. Apex Resources' proven interests in gas reserves could generate $45 million with the potential for an additional $323 million (based on gas prices at $7.00 per 1,000 cubic feet). "The 'heat' is on in 2005!", stated John Hickey Director. "Apex stands ready for action which is peaking by the prospects of providing domestic alternatives for fuel and the urgent need to get moving now. Plans for the future are becoming a reality now representing a significant long term investment opportunity." By: John Hickey Board of Directors Apex Resources Group Inc. The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "anticipates", "estimates", "continue", or comparable terminology The terminology used in the computer and telecommunications field adds tremendous confusion not only for the lay person, but for the technicians themselves. What many do not realize is that terms are made up by anybody and everybody in a nonchalant, casual manner without any regard or intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including, but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Apex Resources Group Inc. |
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