Environment Minister Jim Prentice said that the government of Canada has made an offer to the backers of the Mackenzie Gas Project of financial support for the $16.2 billion Arctic gas pipeline. The offer includes providing financial support for infrastructure as well as for pre-construction expenses. Minister Prentice indicated that the offer does include a sharing of risk and returns on the project.
MGM Energy reports that it has reached a deviated target depth at 2102 meters at its Ellice J-27 well in northern Canada. The Ellice J-27 well is the first of its three well drilling program for 2009. The well encountered a number of zones containing natural gas and also encountered net gas bearing sandstones in four zones. Testing on the natural gas zones is scheduled to occur in February.