CALGARY,
AB, May 17, 2023 /CNW/ - Kiwetinohk today
announced it has shut down production from its Placid field due to
ongoing wildfires in the Fox Creek
area. All personnel have been safely evacuated. Kiwetinohk's
Simonette and Placid facilities will remain shut-in until it is
safe to re-start and 3rd party infrastructure is operational.
Kiwetinohk continues to monitor this situation working closely
with Alberta Wildfire. Safety remains Kiwetinohk's top priority and
the company is actively responding to changes in the wildfire
situation to protect people, the environment and assets. We are
grateful for the men and women on the front lines fighting fires
and supporting the evacuees and industry.
We are saddened and troubled by the loss of homes and
communities, and by the damage to the biophysical environment. The
area possesses rich biodiversity and is home to many animals
including species at risk. Kiwetinohk has made a contribution to
the Canadian Red Cross in support of the thousands of Albertans
impacted.
Additional safety and operational updates will be provided as
significant changes occur.
About Kiwetinohk
We, at Kiwetinohk, are passionate
about addressing climate change and the future of energy.
Kiwetinohk's mission is to build a profitable energy transition
business providing clean, reliable, dispatchable, affordable
energy. Kiwetinohk develops and produces natural gas and related
products and is in the process of developing renewable power,
natural gas-fired power, carbon capture and hydrogen clean energy
projects. We view climate change with a sense of urgency, and we
want to make a difference. Kiwetinohk's common shares trade on the
Toronto Stock Exchange under the symbol KEC.
Additional details are available within the year-end documents
available on Kiwetinohk's website at www.kiwetinohk.com and SEDAR
at www.sedar.com.
For more information on Kiwetinohk, please
contact:
Jakub Brogowski,
Chief Financial Officer
IR email: IR@kiwetinohk.com
IR phone: (587) 392-4395
Pat Carlson, CEO
Jakub Brogowski, CFO
SOURCE Kiwetinohk Energy