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VERBREC LIMITED — Capital/Financing Update 2014
Jun 29, 2014
65992_rns_2014-06-29_dee38397-f7e6-4860-adc7-072c36f10474.pdf
Capital/Financing Update
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ASX Announcement 30 June 2014
LogiCamms secures strategic contract with Epic Energy
Professional engineering and consulting services company, LogiCamms Limited , has been awarded a capital works contract by gas transmission company, Epic Energy South Australia (Epic Energy), to execute key projects on Epic’s Moomba to Adelaide Pipeline (MAPS).
The contract involves Engineering, Procurement and Construction (EPC) services for brownfield projects along the MAPS, with initial works having already commenced and with completion expected in mid-2015. Epic Energy is an existing client of LogiCamms and the award follows the successful completion of Front End Engineering Design. The contract for the remaining works is approximately $18 million with this value expected to be attributed to financial year 2015.
LogiCamms’ Managing Director Matthew Adamo commented, “We are very pleased to support the development of Epic Energy’s operations in South Australia. Our expanding capabilities in oil and gas processing, pipelines and facilities have helped to position LogiCamms optimally for opportunities such as these with Epic. Backed by our expertise across gas production and delivery infrastructure, this significant award is a further reflection of our reputation as a lean and flexible provider of solutions to oil and gas companies”.
Epic Energy Chief Executive Officer, Clive D’Cruz, commented, “Epic Energy is pleased to be working with LogiCamms on this project as we continue to focus our operations on providing value-add services to our customers.”
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Further information Media enquiries Mr Matthew Adamo Mr Paul Bowker Mr Alasdair Jeffrey Managing Director Chief Financial Officer Rowland Tel. +61 7 3058 7000 Tel. +61 7 3058 7000 Tel. +61 7 3229 4499
About LogiCamms
LogiCamms is engineering breakthroughs in asset performance. Working with leading owners and operators of minerals and metals, hydrocarbons and infrastructure assets, the Company works to reduce costs, increase efficiencies, and enhance the value of customers’ operations. LogiCamms’ core business units include engineering consulting, project delivery, and asset performance services. The Company has offices across Australia and New Zealand and is registered in Brisbane, Queensland. In 2013 LogiCamms acquired ITL Engineering, an established New Plymouth based Company providing a range of design and build solutions primarily to the oil and gas industry. LogiCamms’ Vision is to be a market leader delivering outstanding customer solutions.
Engineering Consultancy | Project Delivery | Asset Performance
LogiCamms Limited ASX:LCM ACN 127 897 689 www.logicamms.com.au
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