NEWS BULLETIN

February 16, 2009 --- Vol. 15, No. 17February 2009

Imperial Oil makes tentative deal with Deh Cho

According to a report today from The Canadian Press, Imperial Oil has formed a tentative agreement with the Deh Cho First nation over land access for the proposed Mackenzie Valley natural gas pipeline. The Deh Cho claim traditional lands that would lie in a substantial part of the pipeline right of way in the Northwest Territories. Imperial is the lead partner in the Mackenzie Gas Project.

The Canadian Press said that the agreement still requires ratification by Deh Cho communities and that votes on the agreement will be discussed next week at a Deh Cho leadership convention. The tentative agreement does not necessarily signal that the Deh Cho will join the Aboriginal Pipeline Group, the entity has rights to a one-third equity stake in the pipeline on behalf of Native communities, the Canadian Press said.

See full story in the Feb. 22 issue of Petroleum News, which will be online at noon Friday, Feb. 20, at www.petroleumnews.com


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