TSX Symbol: HNL
CALGARY, Dec. 4, 2014 /CNW/ - Horizon North Logistics Inc. ("Horizon" or "the Corporation") announced today that it has recently signed a contract extension for a 720 person camp facility for a major operator in the Fort McMurray, Alberta oil sands area.
Horizon will continue to provide a full turnkey service including the accommodation rental, catering and associated camp management services for an additional one year term. The original contract was for 600 beds and was expanded to 720 beds during the initial term. The original contract term was for 27 months and operations began in the second half of 2012.
"This contract extension is evidence that projects continue to move forward in the Alberta Oil Sands," noted Rod Graham, President and Chief Executive Officer. "Despite recent commodity price volatility, certain customers are taking a longer term view with respect to global supply and demand fundamentals and are continuing with projects previously sanctioned."
Horizon is a remote resource development service company that provides workforce accommodation solutions, camp management and catering services, and road and access matting solutions. Horizon provides these services in support of oil sands development, oil and gas exploration, mining and infrastructure projects throughout Canada's western provinces and northern territories where local infrastructure does not meet project requirements.
Additional information related to the Corporation, including the Corporation's annual information form, press releases, financial statements and MD&A are available on SEDAR at www.sedar.com
SOURCE: Horizon North Logistics Inc.
For further information: please contact Rod Graham, President and Chief Executive Officer or Scott Matson, Vice President Finance and Chief Financial Officer, 1600, 505 - 3rd Street S.W., Calgary, Alberta T2P 3E6; Telephone (403) 517 - 4654, Fax: (403) 517 - 4678; website: www.horizonnorth.ca