Apache Canada Ltd. (NYSE, Nasdaq: APA) today contributed $500,000 to relief efforts in Southern Alberta in the wake of last week's devastating flooding that saw more than 100,000 people evacuated from their homes and caused billions of dollars in damage.
"The floods affected many areas where our people live and work and the focus now is on the cleanup and rebuilding homes and communities," said Apache Canada President Tim Sullivan.
"Albertans are a resilient bunch and we continue to see countless examples of people pitching in to help. Thousands of people are doing their part, and Apache is proud to be able to support this important work."
Apache's $500,000 donation includes $250,000 to The Calgary Foundation and an additional $250,000 being directed to grassroots groups and organizations that are supporting the flood relief efforts, including: $100,000 to the Diakonos Benevolent Fund $50,000 to the Town of High River's relief effort $50,000 to the Calgary Zoo $50,000 to the Town of Canmore's Relief Fund.
"The health and safety of our Apache people remains our number one concern as floodwaters begin to recede and the massive cleanup and remediation efforts continue in and around Calgary," added Sullivan.
"Apaches have been affected by this unprecedented flooding and many of our employees are volunteering to help however they can across the dozens of communities that continue to face many challenges during this difficult time."
About Apache: Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. Apache posts announcements, operational updates, investor information and copies of all press releases on its website, www.apachecorp.com.
About The Calgary Foundation: The Calgary Foundation has established the Flood Recovery & Rebuilding Fund, which supports qualified recipients in long-term rebuilding and recovery efforts. The Fund does NOT charge an administrative fee or a credit card transaction fee, so 100 percent of donations are directed toward recovery work and the next waves of need in Calgary and area, which includes the hardest hit areas of High River, Canmore, and surrounding First Nation reserves. All donations will support charities working to rebuild lives and revitalize communities.
About the Calgary Police Service Diakonos Benevolent Fund: The CPS Diakonos Benevolent Fund supports emergency responders. This fund is currently working to support more than 300 emergency responders who were affected by the flood. In many cases these individuals were at work protecting their communities during the disaster and have lost their own homes and possessions.
CONTACT: Paul Wyke (403) 303-5925 Paul.Wyke@apachecorp.com
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