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Black Swan and AltaGas complete transaction

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Tanks and Terminals,

Black Swan Energy Ltd. has announced that it has completed the previously announced joint venture arrangement with AltaGas Ltd. whereby AltaGas has acquired 50% ownership in certain existing and future natural gas processing plants of Black Swan.

In addition, AltaGas and Black Swan have entered into a long term agreement for the use by Black Swan of the AltaGas processing capacity on a cost of service basis at the plants, as well as transportation and marketing agreements.

Black Swan will continue to operate the plants.

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