Access Energy Inc.

October 13, 2006 16:57 ET

Access Energy Inc. Announces the Signing of a Memorandum of Understanding With First Nations to Explore for Oil and Gas

TORONTO, ONTARIO--(CCNMatthews - Oct. 13, 2006) - Access Energy Inc., a Toronto-based oil and gas exploration and development company, is pleased to announce that it has entered into an exclusive Memorandum of Understanding with the Buffalo River Dene Nation to joint venture in the exploration and development of oil and gas prospects within the Treaty Entitlement Lands located in Saskatchewan approximately 60 kilometers west of Buffalo Narrows and south east of Fort McMurray, Alberta.

Paul Parisotto, President and CEO of Access Energy, states: "I am very pleased that we have reached this understanding based on the principles of a long term partnership that will allow for exploration, development and production of hydrocarbon resources. Access Energy has a strong commitment to its First Nation partners, the land, and the environment. This MOU will serve as a basis for a long-term business agreement that we hope to announce shortly".

Chief Louie Chinalquay of the Buffalo River Dene Nation states, "We're also quite pleased at the prospect of having a serious involvement in a major exploration and development program within our lands and being active in the processes. Speaking for my Council and myself, it means a lot to us to have a say in how land is used, the potential for jobs, and the growth of our community."

About Access Energy Inc.

Access Energy Inc. is engaged in the oil exploration and development industry, with offices in Toronto and Calgary.

Contact Information

  • Access Energy Inc.
    Paul Parisotto
    President and CEO
    (416) 369-9333
    (416) 359-7801 (FAX)