CALGARY, Aug. 27, 2012 /CNW/ - Native American Resource Partners Canada Inc. ("NARP") is pleased to announce a partnership with the Tall Cree First Nation ("Tall Cree" or the "Nation") near Fort Vermilion in northern Alberta, Canada. The newly-created company, Tall Cree Energy, will pursue the development of resource projects both on and off Tall Cree's Reserve lands.
In forming Tall Cree Energy, the Nation has secured both the industry expertise and investment capital necessary to evaluate and fund associated exploration and development costs. Tall Cree Energy will initially be focused on oil and gas opportunities and, with success, will also evaluate mid-stream and other energy related investments.
Chief Rupert Meneen commented, "Resource development on First Nation lands in Alberta has been occurring for years and First Nations have rarely been involved in any meaningful way. When our Nation made the decision to pursue energy development we knew that we wanted to be involved in the process and wanted to participate in not only the potential royalty revenues generated from development but also to have commercial participation in the form of ownership in an energy company. To become active participants in that development we partnered with NARP and formed Tall Cree Energy to access the capital and industry expertise required to undertake exploration. NARP has demonstrated a record of 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 independence. We're eager about the job creation opportunities that successful development will create and want to see our company grow. The formation of Tall Cree Energy is a big step in securing our future and we look forward to working with NARP on evaluating and developing our Nation's natural resources."
John Jurrius, President and CEO of NARP noted, "We're extremely pleased about forming Tall Cree Energy, our second energy partnership in Alberta. Chief Meneen and Council have shown real leadership and understanding of the need to be an active participant in the development of their natural resources through the forming of this partnership. The Nation is situated in a unique area within Treaty 8 in northern Alberta and provides Tall Cree Energy with the opportunity to explore a resource rich area with multi-zone oil and gas potential. As we develop our relationship with the Nation we look forward to also establishing a presence off-Reserve by working with industry through service sector opportunities in the Nation's Traditional Land Use areas as well as to target oil and gas exploration activity occurring in Treaty 8 Traditional Land Use areas through a coalition with other Treaty 8 First Nations."
NARP is a private investment and development firm specializing in structuring, financing, and implementing natural resource projects with First Nations, Metis and Inuit peoples in Canada and Tribal Nations in the United-States.
In addition to its energy partnership with the Tall Cree First Nation, NARP also has an energy partnership with the Blood Tribe in Alberta and a Treaty Land Entitlement partnership with the Kawacatoose First Nation in Saskatchewan. In the United States, NARP has an energy partnership with the Fort Peck Assiniboine & Sioux Tribes in Montana.
Founded in 2008, NARP is a portfolio company of Quantum Energy Partners, a private equity provider based in Houston, Texas with more than $6.5 billion in assets under management. NARP has offices in Calgary, Alberta, Saskatoon, Saskatchewan and Denver, Colorado.
SOURCE: Native American Resource Partners Canada Inc. ("NARP")
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For more information regarding NARP, please visit www.narpllc.com or contact Susan Hammer at (403)-930-0900.