MULTIMEDIA UPDATE: AltaGas Celebrates Opening of North America’s Largest Battery Storage Facility

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/EINPresswire.com/ — CALGARY, ALBERTA–(Marketwired – Jan 27, 2017) –

Editor’s Note: There are two photos associated with this release.

Today, AltaGas Ltd. (“AltaGas”) (TSX:ALA) celebrated the grand opening of its Pomona Energy Storage Facility at the site of its existing Pomona generation facility in the East Los Angeles Basin of Southern California (the “Facility”). At 20 megawatts (MW) of electricity storage capacity, it is currently the largest battery storage facility in operation in North America. In addition to AltaGas constructing the Facility on-time and on-budget, the company completed construction of the lithium-ion battery system in less than four months, which ranks as one of the fastest deployments of battery storage capacity on this scale in the industry to date.

“We are pleased to advance our California power strategy by bringing 20 MW of battery storage online within a precedent setting four months,” said David Harris, President and CEO of AltaGas. “Providing energy from electricity stored in lithium-ion batteries provides clean reliable energy that complements California’s renewable energy portfolio while adding to the versatility of our asset base which is well situated for pursuing other energy storage developments.”

In August 2016, AltaGas’ subsidiary, AltaGas Pomona Energy Storage Inc., signed a 10-year Energy Storage Resource Adequacy Purchase Agreement (“ESA”) with Southern California Edison (‘SCE”) for 20 MW of energy storage at AltaGas’ existing Pomona facility. Under the terms of the ESA, AltaGas will provide SCE with 20 MW of resource adequacy capacity for a continuous four hour period, which represents the equivalent of 80 MWh of energy discharging capacity. AltaGas will receive fixed monthly resource adequacy payments under the ESA and will retain the rights to earn additional revenue from the energy and ancillary services provided by the lithium-ion batteries. Commercial operations of the Facility under the terms of the ESA began on December 31, 2016.

“Offsetting periods of peak power with 80 MWh from battery storage is enough power to feed the electricity needs of approximately 15,000 homes over the four-hour period,” said Harris.

The Facility features industry leaders in the energy storage industry including Samsung SDI, Parker Hannifin, Power Engineers and Greensmith Energy Management Systems. ARB was the General Contractor with support from the California Building Trades.

AltaGas’ other assets in California include six natural gas-fired power generating facilities, as well as development projects.

AltaGas is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources.

This release contains forward-looking statements. When used herein, the words “may”, “would”, “could”, “can”, “will”, “be”, “intend”, “possible”, “plan”, “develop”, “anticipate”, “target’, “believe”, “seek”, “propose”, “continue”, “estimate”, “spur”, “expect”, and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. In particular, and without limitation, this release contains forward-looking statements with respect to AltaGas’ ability to advance its California power strategy, the ability of electricity stored in lithium-ion batteries to provide clean reliable energy that compliments California’s renewable energy portfolio, the ability of the Facility to add versatility to AltaGas’ asset base, AltaGas’ asset base being well situated for pursuing other energy storage developments, AltaGas ability to earn additional revenue from the energy and ancillary services provided by the Facility the provision of 20 MW of resource adequacy capacity to SCE under the terms of the ESA and the ability of the Facility to provide the equivalent of 80 MWh of energy discharging capacity. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas’ current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in AltaGas’ public disclosure documents. Many factors could cause AltaGas’ actual results, performance or achievements to vary from those described in this release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this release, should not be unduly relied upon. Such statements speak only as of the date of this release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

To view the photos associated with this release, please visit the following links:

http://www.marketwire.com/library/20170127-AltaGas%20Lithium-Ion%20Battery%20Rack%20Photo.jpg

http://www.marketwire.com/library/20170127-1084127_800.jpg

Kayne Anderson Announces Agreement to Sell Silver Hill Midstream Assets

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DALLAS–(BUSINESS WIRE)–Silver Hill Energy Partners Holdings, LLC (“Silver Hill”), a privately held entity controlled by an affiliate of Kayne Anderson Capital Advisors, L.P. („Kayne Anderson”) through its energy private equity practice, has agreed to sell its midstream assets to a subsidiary of Targa Resources Corp. (“Targa”) as part of a larger transaction. On January 23, 2017, Targa announced the acquisition of three separate midstream entities, including Outrigger Delaware Operating, LLC, a 50/50 joint venture between Silver Hill and Outrigger Energy LLC (“Outrigger”). The Silver Hill management team conceptualized and co-founded the joint venture with Outrigger in 2014 to build scalable gas gathering, gas processing and crude gathering infrastructure to support the development of Silver Hill’s upstream assets and surrounding third party producers in the Delaware Basin.

Kyle D. Miller, Silver Hill President & CEO, stated: “Silver Hill was able to utilize our unique understanding of the Delaware Basin, and more specifically our own assets, to capture incremental value from the success of our upstream development activity. We value our partnership with the Outrigger team as they did a great job of executing on our shared vision.”

“This transaction demonstrates the incremental value that we can realize by leveraging our upstream knowledge to identify attractive investment opportunities in the midstream space,” said Chuck Yates, Managing Partner of Kayne Anderson Energy Funds. “The Silver Hill management team did an incredible job of recognizing the value potential and forming a strategic partnership with Outrigger to seize the opportunity. This opportunistic partnership and the impressive performance of the Outrigger team led to a very good outcome for all involved.”

Advisors

DLA Piper LLP served as legal counsel to Silver Hill and Kayne Anderson.

About Kayne Anderson Capital Advisors, L.P.

Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit and growth private equity. Kayne’s investment philosophy is to pursue niches where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. Kayne manages over $25 billion in assets (as of 12/31/2016) for institutional investors, family offices, high net worth and retail clients and employs 300 professionals in nine offices across the U.S.

Through Kayne Anderson Energy Funds, the firm has raised over $6.3 billion of committed capital dedicated to energy private equity investments in primarily upstream and midstream oil and gas companies. Currently, the firm has over 30 active portfolio companies focused on upstream and midstream oil and gas assets across North America.

MULTIMEDIA UPDATE: AltaGas Celebrates Opening of North America’s Largest Battery Storage Facility

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CALGARY, ALBERTA–(Marketwired – Jan. 27, 2017) –

Editor’s Note: There are two photos associated with this release.

Today, AltaGas Ltd. (“AltaGas”) (TSX:ALA) celebrated the grand opening of its Pomona Energy Storage Facility at the site of its existing Pomona generation facility in the East Los Angeles Basin of Southern California (the “Facility”). At 20 megawatts (MW) of electricity storage capacity, it is currently the largest battery storage facility in operation in North America. In addition to AltaGas constructing the Facility on-time and on-budget, the company completed construction of the lithium-ion battery system in less than four months, which ranks as one of the fastest deployments of battery storage capacity on this scale in the industry to date.

“We are pleased to advance our California power strategy by bringing 20 MW of battery storage online within a precedent setting four months,” said David Harris, President and CEO of AltaGas. “Providing energy from electricity stored in lithium-ion batteries provides clean reliable energy that complements California’s renewable energy portfolio while adding to the versatility of our asset base which is well situated for pursuing other energy storage developments.”

In August 2016, AltaGas’ subsidiary, AltaGas Pomona Energy Storage Inc., signed a 10-year Energy Storage Resource Adequacy Purchase Agreement (“ESA”) with Southern California Edison (‘SCE”) for 20 MW of energy storage at AltaGas’ existing Pomona facility. Under the terms of the ESA, AltaGas will provide SCE with 20 MW of resource adequacy capacity for a continuous four hour period, which represents the equivalent of 80 MWh of energy discharging capacity. AltaGas will receive fixed monthly resource adequacy payments under the ESA and will retain the rights to earn additional revenue from the energy and ancillary services provided by the lithium-ion batteries. Commercial operations of the Facility under the terms of the ESA began on December 31, 2016.

“Offsetting periods of peak power with 80 MWh from battery storage is enough power to feed the electricity needs of approximately 15,000 homes over the four-hour period,” said Harris.

The Facility features industry leaders in the energy storage industry including Samsung SDI, Parker Hannifin, Power Engineers and Greensmith Energy Management Systems. ARB was the General Contractor with support from the California Building Trades.

AltaGas’ other assets in California include six natural gas-fired power generating facilities, as well as development projects.

AltaGas is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources.

This release contains forward-looking statements. When used herein, the words “may”, “would”, “could”, “can”, “will”, “be”, “intend”, “possible”, “plan”, “develop”, “anticipate”, “target’, “believe”, “seek”, “propose”, “continue”, “estimate”, “spur”, “expect”, and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. In particular, and without limitation, this release contains forward-looking statements with respect to AltaGas’ ability to advance its California power strategy, the ability of electricity stored in lithium-ion batteries to provide clean reliable energy that compliments California’s renewable energy portfolio, the ability of the Facility to add versatility to AltaGas’ asset base, AltaGas’ asset base being well situated for pursuing other energy storage developments, AltaGas ability to earn additional revenue from the energy and ancillary services provided by the Facility the provision of 20 MW of resource adequacy capacity to SCE under the terms of the ESA and the ability of the Facility to provide the equivalent of 80 MWh of energy discharging capacity. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas’ current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in AltaGas’ public disclosure documents. Many factors could cause AltaGas’ actual results, performance or achievements to vary from those described in this release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this release, should not be unduly relied upon. Such statements speak only as of the date of this release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

To view the photos associated with this release, please visit the following links:

http://www.marketwire.com/library/20170127-AltaGas%20Lithium-Ion%20Battery%20Rack%20Photo.jpg

http://www.marketwire.com/library/20170127-1084127_800.jpg

Appia Announces Closing of Over-Subscription of Private Placement

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TORONTO, ONTARIO — (Marketwired) — 01/27/17 — Appia Energy Corp. (the “Company” or “Appia”) (CSE: API)(CSE: API.CN) is pleased to announce that further to its News Release of January 23, 2017, the Offering was over-subscribed and the Company will close the final tranche of its non-brokered private placement (the “Offering”) on January 30, 2017 with the sale of an additional 405,000 working capital units (“WC Units”) at $0.20 per WC Unit for proceeds of $81,000. The Company intends to use the proceeds from the $1,000,000 raised from the first closing of the Offering plus the additional funds raised (an aggregate of $1,081,000) to drill the Loranger Property and for exploration of the Otherside Property to bring it to the drilling stage and for working capital.

Each WC Unit is priced at $0.20 and consists of one (1) common share and one (1) common share purchase warrant (a “WC Warrant”). Each WC Warrant entitles the holder to purchase one (1) common share (a “WC Warrant Share”) at a price of $0.30 per WC Warrant Share exercisable until the earlier of: (i) January 30, 2022; and (ii) in the event that the closing price of the Common Shares on the Canadian Securities Exchange is at least $0.60 for twenty (20) consecutive trading days, and the 20th trading day (the “Final Trading Day”) is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day (the “Trigger Date”).

The Company will pay a cash finder’s fee of $5,000 to an eligible finder.

All securities issued pursuant to the above referenced Offering will be subject to a hold period expiring on May 31, 2017.

About Appia

Appia is a Canadian publicly-traded company in the uranium and rare earth sectors. The Company is currently focused on discovering high-grade uranium deposits in the prolific Athabasca Basin on its recently acquired properties, Loranger and Otherside, as well as high-grade REO and uranium surface showings on its Alces Lake joint venture. The company currently holds the surface rights to exploration for about 63,654 hectares (157,070 acres) in Saskatchewan. The company also has NI 43-101 compliant resources of 8.0 M lbs. U3O8 and 47.7 M lbs. TREE Indicated, and 47.7 M lbs. U3O8 and 133.2 M lbs. TREE Inferred in the Elliot Lake, ON, historic mining camp. The resources are largely unconstrained along strike and down dip.

Appia’s technical team is directed by James Sykes, who has had direct and indirect involvement with over 350 M lbs. U3O8 being discovered in five deposits in the Athabasca Basin.

Appia currently has 50.1 million common shares outstanding, 59.2 million shares fully diluted.

The technical content concerning the Property in this news release was reviewed and approved by Thomas Skimming, P.Eng., a Director of Appia and a Qualified Person as defined by National Instrument 43-101.

Cautionary Note Regarding Forward-Looking Statements: This News Release contains forward-looking statements which are typically preceded by, followed by or including the words “believes”, “expects”, “anticipates”, “estimates”, “intends”, “plans” or similar expressions. Forward-looking statements are not guarantees of future performance as they involve risks, uncertainties and assumptions. We do not intend and do not assume any obligation to update these forward-looking statements and shareholders are cautioned not to put undue reliance on such statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

MULTIMEDIA UPDATE: AltaGas Celebrates Opening of North America’s Largest Battery Storage Facility

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CALGARY, ALBERTA — (Marketwired) — 01/27/17 — Editor’s Note: There are two photos associated with this release.

Today, AltaGas Ltd. (“AltaGas”) (TSX: ALA) celebrated the grand opening of its Pomona Energy Storage Facility at the site of its existing Pomona generation facility in the East Los Angeles Basin of Southern California (the “Facility”). At 20 megawatts (MW) of electricity storage capacity, it is currently the largest battery storage facility in operation in North America. In addition to AltaGas constructing the Facility on-time and on-budget, the company completed construction of the lithium-ion battery system in less than four months, which ranks as one of the fastest deployments of battery storage capacity on this scale in the industry to date.

“We are pleased to advance our California power strategy by bringing 20 MW of battery storage online within a precedent setting four months,” said David Harris, President and CEO of AltaGas. “Providing energy from electricity stored in lithium-ion batteries provides clean reliable energy that complements California’s renewable energy portfolio while adding to the versatility of our asset base which is well situated for pursuing other energy storage developments.”

In August 2016, AltaGas’ subsidiary, AltaGas Pomona Energy Storage Inc., signed a 10-year Energy Storage Resource Adequacy Purchase Agreement (“ESA”) with Southern California Edison (‘SCE”) for 20 MW of energy storage at AltaGas’ existing Pomona facility. Under the terms of the ESA, AltaGas will provide SCE with 20 MW of resource adequacy capacity for a continuous four hour period, which represents the equivalent of 80 MWh of energy discharging capacity. AltaGas will receive fixed monthly resource adequacy payments under the ESA and will retain the rights to earn additional revenue from the energy and ancillary services provided by the lithium-ion batteries. Commercial operations of the Facility under the terms of the ESA began on December 31, 2016.

“Offsetting periods of peak power with 80 MWh from battery storage is enough power to feed the electricity needs of approximately 15,000 homes over the four-hour period,” said Harris.

The Facility features industry leaders in the energy storage industry including Samsung SDI, Parker Hannifin, Power Engineers and Greensmith Energy Management Systems. ARB was the General Contractor with support from the California Building Trades.

AltaGas’ other assets in California include six natural gas-fired power generating facilities, as well as development projects.

AltaGas is an energy infrastructure company with a focus on natural gas, power and regulated utilities. AltaGas creates value by acquiring, growing and optimizing its energy infrastructure, including a focus on clean energy sources.

This release contains forward-looking statements. When used herein, the words “may”, “would”, “could”, “can”, “will”, “be”, “intend”, “possible”, “plan”, “develop”, “anticipate”, “target’, “believe”, “seek”, “propose”, “continue”, “estimate”, “spur”, “expect”, and similar expressions, as they relate to AltaGas or an affiliate of AltaGas, are intended to identify forward-looking statements. In particular, and without limitation, this release contains forward-looking statements with respect to AltaGas’ ability to advance its California power strategy, the ability of electricity stored in lithium-ion batteries to provide clean reliable energy that compliments California’s renewable energy portfolio, the ability of the Facility to add versatility to AltaGas’ asset base, AltaGas’ asset base being well situated for pursuing other energy storage developments, AltaGas ability to earn additional revenue from the energy and ancillary services provided by the Facility the provision of 20 MW of resource adequacy capacity to SCE under the terms of the ESA and the ability of the Facility to provide the equivalent of 80 MWh of energy discharging capacity. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect AltaGas’ current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in AltaGas’ public disclosure documents. Many factors could cause AltaGas’ actual results, performance or achievements to vary from those described in this release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this release as intended, planned, anticipated, believed, sought, proposed, estimated or expected, and such forward-looking statements included in, or incorporated by reference in this release, should not be unduly relied upon. Such statements speak only as of the date of this release. AltaGas does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

To view the photos associated with this release, please visit the following links:

http://www.marketwire.com/library/20170127-AltaGas%20Lithium-Ion%20Battery%20Rack%20Photo.jpg

http://www.marketwire.com/library/20170127-1084127_800.jpg

Northern Oil and Gas, Inc. Appoints Michael Popejoy of TRT Holdings, Inc. to Board of Directors

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MINNEAPOLIS, Jan. 27, 2017 /PRNewswire/ — Northern Oil and Gas, Inc. (NYSE MKT: NOG) (“Northern”) announced today that Michael Popejoy, Senior Vice President of Energy for TRT Holdings, Inc. (“TRT”) in Dallas, Texas has been appointed to Northern’s board of directors.  TRT is a significant holder of both Northern’s common equity and 8% senior notes.  “We are pleased to welcome Michael, and believe that his expertise and insights will add valuable perspective to our Board,” said Richard Weber, Northern’s Chairman of the Board. 

In connection with today’s announcement, Northern announced that it has entered into a letter agreement with TRT.  Under the agreement, Northern agreed to nominate Michael Frantz (who joined Northern’s board of directors in August 2016) and Mr. Popejoy for election to the board at Northern’s 2017 annual meeting of shareholders, and TRT has agreed to customary standstill provisions and to vote its shares in favor of election of Northern’s slate of directors at the 2017 annual meeting.    

ABOUT TRT HOLDINGS

TRT Holdings is a multi-billion dollar diversified private holding company whose largest investments currently include Omni Hotels & Resorts, Gold’s Gym and Tana Exploration, in addition to select public, real estate and other investments.

ABOUT NORTHERN OIL AND GAS

Northern is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.  More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.

INVESTOR RELATIONS CONTACT

Brandon Elliott, CFA
EVP, Corporate Development and Strategy
952-476-9800
belliott@northernoil.com 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northern-oil-and-gas-inc-appoints-michael-popejoy-of-trt-holdings-inc-to-board-of-directors-300397565.html

SOURCE Northern Oil and Gas, Inc.

Joint Statement on the Release of the Binational Ecological Risk Assessment of Grass Carp for the Great Lakes Basin

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/EINPresswire.com/ — OTTAWA, ONTARIO–(Marketwired – Jan 27, 2017) – The Honourable Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard, and the Honourable Kathryn McGarry, Ontario’s Minister of Natural Resources and Forestry made the following statement today:

We confirm our joint commitment to the fight against Asian Carps in the Canadian waters of the Great Lakes following the release of the Binational Ecological Risk Assessment for Grass Carp in the Great Lakes Basin.

Both Fisheries and Oceans Canada (DFO) and the Ontario Ministry of Natural Resources and Forestry (MNRF) recognize the critical importance of early intervention to prevent the establishment of invasive species. We share common goals of protecting the biodiversity and habitat of the Great Lakes and Ontario’s aquatic ecosystems. The results of the Binational Risk Assessment will be used to inform operational decisions by both our agencies and guide early detection and other operational efforts to keep Asian Carps out of our waters.

As noted in the Risk Assessment, the study concluded that Grass Carp, one of four Asian Carp species, have arrived in parts of the Great Lakes basin, specifically lakes Michigan, Erie and Ontario. The study also concluded that the ecological consequences of Grass Carp in most areas of the Great Lakes basin could be extreme within the next 50 years. Arrival is just the first stage of the introduction process and through continued collaboration at the highest levels of each agency we have an opportunity to halt the introduction of Grass Carp in the Canadian waters of the Great Lakes.

Both DFO and MNRF have together achieved numerous successes in the fight against Asian Carps to date:

  • Coordinated response and capture of 23 Grass Carp in the Canadian waters of the Great Lakes since 2012.
  • Biologists from MNRF and DFO continue to work closely together to collect information and share findings related to Asian Carps.
  • DFO and MNRF together implement a formal incident command system response following any find of Asian Carps in Ontario waters. The Response Plan ensures effective communications and maximizes the resources available from the various agencies involved.
  • Aquatic Invasive Species Regulations under the Fisheries Act came into force in 2015. These regulations provide a national regulatory framework to help prevent intentional and unintentional introduction of aquatic invasive species in Canada from other countries, across provincial and territorial borders, and between ecosystems within a region.
  • Ontario introduced the Invasive Species Act (ISA) in November 2015 that further prohibits the possession, transportation, import or sale of live invasive species, unless authorized by the Minister of Natural Resources and Forestry. The ISA is the only piece of legislation of its kind in North America.
  • Joint participation on the binational Asian Carp Regional Coordinating Committee (ACRCC), which oversees the extensive partnership efforts of government agencies on both sides of the border.
  • MNRF conducts inspections of food fish importers and monitors retailers for compliance. Conservation officers spend approximately 2,000 hours each year inspecting dozens of wholesale and import companies at more than a thousand different locations.
  • In 2011 and 2012, MNRF stopped six live-fish haulers, carrying more than 13 thousand kilograms of Asian Carps. Those seizures resulted in several convictions and more than $100,000 in fines.

We remain steadfastly committed to this fight and to the partnership between our agencies. Our future plans include:

  • Continued participation in the Asian Carp Regional Coordinating Committee.
  • On-going enforcement and inspection operations.
  • On-going research within both agencies towards a better understanding of aquatic invasive species in general and Asian Carps in particular.
  • The coordination of a Binational Ecological Risk Assessment for Black Carp.
  • A joint DFO and MNRF on-water Asian Carp response exercise near Lake Erie planned for April 2017.

Internet: http://www.dfo-mpo.gc.ca

Follow us on Twitter! www.Twitter.com/DFO_MPO

Northern Oil and Gas, Inc. Appoints Michael Popejoy of TRT Holdings, Inc. to Board of Directors

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MINNEAPOLIS, Jan. 27, 2017 /PRNewswire/ — Northern Oil and Gas, Inc. (NYSE MKT: NOG) (“Northern”) announced today that Michael Popejoy, Senior Vice President of Energy for TRT Holdings, Inc. (“TRT”) in Dallas, Texas has been appointed to Northern’s board of directors.  TRT is a significant holder of both Northern’s common equity and 8% senior notes.  “We are pleased to welcome Michael, and believe that his expertise and insights will add valuable perspective to our Board,” said Richard Weber, Northern’s Chairman of the Board. 

In connection with today’s announcement, Northern announced that it has entered into a letter agreement with TRT.  Under the agreement, Northern agreed to nominate Michael Frantz (who joined Northern’s board of directors in August 2016) and Mr. Popejoy for election to the board at Northern’s 2017 annual meeting of shareholders, and TRT has agreed to customary standstill provisions and to vote its shares in favor of election of Northern’s slate of directors at the 2017 annual meeting.    

ABOUT TRT HOLDINGS

TRT Holdings is a multi-billion dollar diversified private holding company whose largest investments currently include Omni Hotels & Resorts, Gold’s Gym and Tana Exploration, in addition to select public, real estate and other investments.

ABOUT NORTHERN OIL AND GAS

Northern is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.  More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.

INVESTOR RELATIONS CONTACT

Brandon Elliott, CFA
EVP, Corporate Development and Strategy
952-476-9800
belliott@northernoil.com 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/northern-oil-and-gas-inc-appoints-michael-popejoy-of-trt-holdings-inc-to-board-of-directors-300397565.html

SOURCE Northern Oil and Gas, Inc.

Northern Oil and Gas, Inc. Appoints Michael Popejoy of TRT Holdings, Inc. to Board of Directors

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MINNEAPOLIS, Jan. 27, 2017 /PRNewswire/ — Northern Oil and Gas, Inc. (NYSE MKT: NOG) („Northern”) announced today that Michael Popejoy, Senior Vice President of Energy for TRT Holdings, Inc. („TRT”) in Dallas, Texas has been appointed to Northern’s board of directors.  TRT is a significant holder of both Northern’s common equity and 8% senior notes.  „We are pleased to welcome Michael, and believe that his expertise and insights will add valuable perspective to our Board,” said Richard Weber, Northern’s Chairman of the Board. 

In connection with today’s announcement, Northern announced that it has entered into a letter agreement with TRT.  Under the agreement, Northern agreed to nominate Michael Frantz (who joined Northern’s board of directors in August 2016) and Mr. Popejoy for election to the board at Northern’s 2017 annual meeting of shareholders, and TRT has agreed to customary standstill provisions and to vote its shares in favor of election of Northern’s slate of directors at the 2017 annual meeting.    

ABOUT TRT HOLDINGS

TRT Holdings is a multi-billion dollar diversified private holding company whose largest investments currently include Omni Hotels & Resorts, Gold’s Gym and Tana Exploration, in addition to select public, real estate and other investments.

ABOUT NORTHERN OIL AND GAS

Northern is an exploration and production company with a core area of focus in the Williston Basin Bakken and Three Forks play in North Dakota and Montana.  More information about Northern Oil and Gas, Inc. can be found at www.NorthernOil.com.

INVESTOR RELATIONS CONTACT

Brandon Elliott, CFA
EVP, Corporate Development and Strategy
952-476-9800
belliott@northernoil.com 

SOURCE Northern Oil and Gas, Inc.

Alliance Resource Partners, L.P. and Alliance Holdings GP, L.P. Declare Fourth Quarter 2016 Unitholder Distribution

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TULSA, Okla.–(BUSINESS WIRE)–Alliance Resource Partners, L.P. (NASDAQ: ARLP) and Alliance Holdings GP, L.P. (NASDAQ: AHGP) today announced that the Board of Directors of ARLP’s managing general partner and AHGP’s general partner approved a cash distribution to their respective unitholders for the quarter ended December 31, 2016 (the „2016 Quarter”).

ARLP unitholders will receive a cash distribution for the 2016 Quarter of $0.4375 per unit (an annualized rate of $1.75 per unit), payable on February 14, 2017 to all unitholders of record as of the close of trading on February 7, 2017. The announced distribution is equal to the distribution declared for the quarter ended September 30, 2016 (the „Sequential Quarter”) and compares to the quarterly unitholder distribution of $0.675 per unit for the quarter ended December 31, 2015 (the „2015 Quarter”).

AHGP unitholders will receive a cash distribution for the 2016 Quarter of $0.55 per unit (an annualized rate of $2.20 per unit), payable on February 17, 2017 to all unitholders of record as of the close of trading on February 10, 2017. The announced distribution is equal to the distribution declared for the Sequential Quarter and compares to the quarterly unitholder distribution of $0.96 per unit for the 2015 Quarter.

As previously announced, ARLP and AHGP will report financial results for the 2016 Quarter and full year before the market opens on Monday, January 30, 2017 and Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.

To participate in the conference call, dial (855) 793-3259 and provide conference number 48863667. International callers should dial (631) 485-4928 and provide the same conference number. Investors may also listen to the call via the „investor information” section of ARLP’s website at http://www.arlp.com or AHGP’s website at http://www.ahgp.com.

An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial (855) 859-2056 and provide conference number 48863667. International callers should dial (404) 537-3406 and provide the same conference number.

This announcement is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b), with 100% of the partnership’s distributions to foreign investors attributable to gross income, gain or loss that is effectively connected with a United States trade or business. Accordingly, ARLP’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable tax rate.

About Alliance Resource Partners, L.P.

ARLP is a diversified producer and marketer of coal to major United States utilities and industrial users. ARLP, the nation’s first publicly traded master limited partnership involved in the production and marketing of coal, is currently the second largest coal producer in the eastern United States with mining operations in the Illinois Basin and Appalachian coal producing regions.

ARLP currently operates eight mining complexes in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana.

News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission, are available at http://www.arlp.com. For more information, contact the investor relations department of Alliance Resource Partners, L.P. at (918) 295-7674 or via e-mail at investorrelations@arlp.com.

About Alliance Holdings GP, L.P.

AHGP is a limited partnership formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L.P. (NASDAQ: ARLP), through which it holds a 1.98% general partner interest and the incentive distribution rights in ARLP. In addition, AHGP owns 31,088,338 common units of ARLP.

News, unit prices and additional information about AHGP including filings with the Securities and Exchange Commission, are available at http://www.ahgp.com. For more information, contact the investor relations department of Alliance Holdings GP, L.P. at (918) 295-1415 or via e-mail at investorrelations@ahgp.com.