Grand Banks Energy Announces Deal to Tie-In Tower Creek Leduc Gas Discovery and Provides Corporate Update

CCNMatthews Newswire | October 4, 2006 | Copyright

CALGARY, ALBERTA--(CCNMatthews - Oct. 4, 2006) -

NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES.

Grand Banks Energy Corporation (TSX VENTURE:GBE) is pleased to provide a corporate update respecting its activities and plans.

Gas Areas: Grand Banks and its partners have signed an agreement with a privately held midstream company (SemCAMS) whereby that company will construct an 18 km, 8 inch diameter, high-pressure, sour gas pipeline to tie in the previously announced Grand Banks et al Tower Creek 2-21-55-27 W5M Leduc gas discovery. The gas ...

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