Native American Resource Partners

August 08, 2011 09:30 ET

Native American Resource Partners Establishes Treaty Land Entitlement Partnership to Pursue Natural Resource Development with the Kawacatoose First Nation

CALGARY, ALBERTA--(Marketwire - Aug. 8, 2011) - Native American Resource Partners ("NARP"), a private investment and development firm specializing in structuring, financing, and implementation of natural resource projects with First Nation, Tribal, and Aboriginal partners, today announced a partnership with the Kawacatoose First Nation ("Kawacatoose") of Saskatchewan, Canada. The newly-created company, Kawacatoose Energy Company, will pursue the development of resource projects on lands and minerals secured by the Nation through the Saskatchewan Treaty Land Entitlement program ("TLE").

Chief Darin Poorman with the Kawacatoose First Nation commented, "First Nations in the province have long been resource rich but limited with respect to access to development capital. We are excited to have a direct link to a capital provider like NARP. NARP has demonstrated a diligent focus on working with First Nations to understand our needs and developing our natural resources in a way which puts First Nations on a path towards financial self-reliance. Their resume includes building billions in value for Tribal Nations in the United States. We look forward to working with them on evaluating and developing natural resources through the TLE program."

Regarding the new venture, John Jurrius, NARP's CEO said, "NARP and its leadership team are excited about initiating this partnership with Kawacatoose here in Saskatchewan. For the past two years we have dedicated ourselves to researching projects, understanding the investment landscape, and getting acquainted with Saskatchewan First Nations interested in pursuing resource opportunities such as oil & gas development. NARP took the time to study the complexities of the TLE program to create a financial product which allows First Nations to secure needed funds enabling the Nations to expand the utilization of their rights provided under the 1992 Saskatchewan Treaty Land Entitlement Framework Agreement. While First Nations have been provided the right to acquire additional acreage, the government funding for the program has been insufficient to allow them to fulfill their acreage allocation. We're confident that the structure we've developed provides a solution for Kawacatoose and other First Nations to utilize their TLE allocation."

Kawacatoose was instrumental in helping NARP create a structure which will benefit all First Nations with a TLE allocation. NARP personnel are currently working with select bands in Saskatchewan to create similar partnerships for the purpose of providing capital to pursue TLE-based resource development projects.

NARP established a corporate presence in Saskatoon over a year ago. In order to best serve Kawacatoose and other First Nations interested in doing resource development in Canada, NARP has established offices in Saskatoon, SK and Calgary, AB. Prior to this transaction with Kawacatoose, NARP entered into a partnership with the Blood Tribe of southern Alberta by creating Kainai Energy and establishing a capital commitment of $100 million to the Company for oil and gas development operations on and around the Blood Tribe's reserve lands.

NARP was founded in 2008 by Quantum Energy Partners and John Jurrius. NARP is a portfolio company of Quantum Energy Partners, a private equity firm with over $5.7 billion in assets under management. NARP has offices in Calgary, Alberta; Saskatoon, Saskatchewan; and Salt Lake City, Utah.

Contact Information

  • Native American Resource Partners
    Susan Hammer at (306)-653-8338

    Saskatoon Office:
    201-123 2nd Avenue South
    Saskatoon, SK S7K 7E6
    (306)-653-8338

    Calgary Office:
    1401-308 4th Avenue SW
    Calgary, AB T2P 0H7
    (403)-930-0900
    www.NARPLLC.com