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IAGO Limited Canadian Oil Exploration

03-27-2012 04:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IAGO Limited

Decision makers across Canada are in talks about the importance of a national energy strategy while the full potential of Canada’s energy sector is completely untapped and not moving forward at a quick enough pace.
IAGO Limited points out Nunavut as a perfect example. This is a territory making up twenty percent of Canada. Nunavut could be the future of the Canadian energy sector with an estimated twenty-five percent of Canada's total oil and gas resources.
To plunge into the energy market of the territory, the people of Nunavut have to be convinced that the benefits of oil and gas development in the Arctic outweigh the risks to our environment. Also means of transportation have to be improved because there is not a single road or railway connecting any of Nunavut’s 25 communities to the rest of the country currently exists. Despite having Canada’s longest coastline, Nunavut has no deep-water ports. Air transportation and boats are the only way to transfer goods in or out of the territory.
IAGO Limited sees Nunavut’s potential for oil and gas development matched only by that of our renewable energy resources. Energy runs through fast flowing rivers (approximately 30,000 megawatt tides). Wind energy is also an advantage and the endless Arctic summer sunshine to provide solar power to the national grid. Even though there's high potential for energy capture, many resources of Nunavut remains untapped.

IAGO Limited is heavily involved in the exploration and development of commercial oil and gas projects with a direct focus on offshore and deep water drilling projects. The global economy is always changing, but demand for oil and gas is ever increasing. World economic events over the last few years have dramatically increased the price of oil and gas. Many areas of exploration and production that were once considered too expensive are now accessible for company project expansion due to technological advances.

IAGO Limited
Suncor Energy Centre 2845 150, 6th Avenue SW, Calgary, Alberta, T2P 3Y6, Canada
press@iagolimited.com
Phone Number: +18663417011
Tim Black

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