Business
HORIZON NORTH LOGISTICS INC. ANNOUNCES RECENTLY SIGNED CAMP RENTAL AND CATERING AGREEMENTS FOR 2011
HORIZON NORTH LOGISTICS INC. ANNOUNCES RECENTLY SIGNED CAMP RENTAL AND CATERING AGREEMENTS FOR 2011
About this update from Dexterra Group, Inc.
[{"type":"text","content":"\n\n\n\n Nov. 15, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, Nov. 15 /CNW/ - TSX Symbol: HNL\nHorizon North Logistics Inc. ("Horizon") announced today it has recently entered into several camp rental and catering services contracts for 2011. In total, these agreements represent 377,000 bed rental days and $65.0 million of contracted revenue for 2011.\nThe contracted commitments associated with the BlackSand facilities, north of Fort McMurray, Alberta, now amount to 1,250 rooms per day through 2011, up from the previous contracted commitment of 500 rooms per day for 2011. In conjunction with this increase, the average rate at the BlackSand facilities will increase by 6%.\nHorizon has also been awarded a number of other contracts representing a combined, minimum commitment of 103,000 bed rental days in 2011. These contracts are primarily for larger style camp configurations with between 100 and 300 beds in each camp.\nBob German, President and Chief Executive Officer of Horizon noted, "These contract commitments are stemming primarily from oil sands projects in Alberta and are evidence of Horizon's expanding capabilities. Continued acceleration of oil sands projects as well as mining and infrastructure development should result in continued high activity levels for our major service lines for the foreseeable future".\n\n\n \nBob German, President and Chief Executive Officer or Scott Matson, Vice President Finance and Chief Financial Officer, 1600, ...