Petrox Resources Corp. Announces Non-Binding Term Sheet for the Supply of Natural Gas to On-Site Power Generation in Alberta and Saskatchewan
Petrox signed a non-binding term sheet with International Energy (HK) Group Limited to supply natural gas to on-site power generation equipment in Alberta and Saskatchewan. Petrox will monetize stranded or shut-in gas through sales and a generation fee of US$0.01 per kWh, while IEHK funds and owns all power and mining equipment.
Key figures
- Initial phase capacity mw
- [1,3,7]
- Generation fee usd per kwh
- 0.01
- Ieh ownership limit percent
- 19.99
AI analysis
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