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Gibson Energy Inc.

12:04 PM EST - Gibson Energy Inc. : Announced today the sanction of the $50-million Viking Pipeline Project. Consistent with Gibson’s intention to expand its pipeline gathering network in the Viking Basin by leveraging existing storage, optimization capabilities and access to egress pipelines at its Hardisty Terminal, the Viking Pipeline Project will extend the reach of the existing Provost Pipeline to support development by several regional producers. The 120 km pipeline will have an initial capacity of 13,300 bbl/d, with the potential to expand to an estimated 25,000 bbl/d in the future. Gibson Energy Inc. shares T.GEI are trading up $0.23 at $17.04.