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SECTOR |
INVESTMENT |
DESCRIPTION |
 |
Oil & Gas Production |
$251,000 |
With successful drilling sites in Saskatchewan and Alberta, Churchill Energy is experiencing very high growth rates in production and proven reserves. SaskWorks led a syndicated investment to fund additional development activity. |
 |
Oil & Gas Production |
$220,000 |
Crusader Drilling Corp. is a new privately held Saskatchewan-based drilling company planning to service the oil and gas market in southeast Saskatchewan. The Company's core customer target group includes oil and gas companies drilling in the Bakken formation of Saskatchewan. |
 |
Oil & Gas Services |
$239,308 |
EMR Drilling Inc. ('EMR'), a new privately held company, focuses its oil and gas drilling services operation upon the Bakken formation in the Western Canadian Sedimentary Basin. Led by the founder of Western Lakota Energy Services, Mr. Elson McDougald, EMR intends to deploy a similar model of partnerships with First Nations communities for employment. |
 |
Oil & Gas Production |
$196,800 |
SaskWorks acquired shares in NAL Oil and Gas Trust as a result of the sale of Spear Exploration. This publically traded trust focuses primarily on the SE region of Saskatchewan and central Alberta. |
 |
Alternative Energy |
$330,000 |
SaskWorks co-led a syndicate of subordinated debt providers which has committed $40 million as part of the $130 million/150 million litre Terra Grain Fuels ethanol project. Located at Belle Plaine, Terra Grain is capitalizing on the fast-growing bio-fuels market and will be the largest wheat based ethanol plant in Canada, consuming over 15 million bushels of Saskatchewan feed wheat each year. |
 |
Oil & Gas Production |
$330,372 |
TriStar engages in the exploration, acquisition, development and production of oil and natural gas reserves, in the provinces of Alberta, Saskatchewan and Manitoba. The Fund acquired the shares as a result of exiting two private oil and gas investments. TriStar is listed for trading on the TSX Exchange under the symbol TOG. |
 |
Retail Energy |
$71,000 |
The Fund acquired shares of Universal Energy Group as a result of that company's acquisition of the shares of Terra Grain Fuels Inc, another SaskWorks investee. Traded on the TSX under the symbol, UEG, the company has two primary divisions; ethanol production and the sale of natural gas and electricity to the Ontario and Michigan region. |
 |
Oil & Gas Production |
$634,936 |
VillaNova Energy Corp was created from the sale of Keystone Energy Corp. SaskWorks' involvement in Keystone was exceptionally successful, with an exit in 2007 that generated a 90% Internal Rate of Return for the Fund. This will be the fourth time SaskWorks has teamed up with this management team to repeat predecessor company successes. |
 |
Oil & Gas Production |
$780,000 |
WestFire is a privately held oil and gas exploration and development company, formed in 2007 to acquire below-market oil and gas entities, enhance the value of them and generate opportunities funded by internal operations. The company is planning to do the majority of its drilling in Saskatchewan, however, its current production is split almost evenly between Saskatchewan and Alberta. |
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