23:07:22 EDT Mon 27 Apr 2026
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Enterprise Group Inc (2)
Symbol E
Shares Issued 80,665,876
Close 2026-04-27 C$ 1.50
Market Cap C$ 120,998,814
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Enterprise talks natural gas turbine drilling operation

2026-04-27 19:55 ET - News Release

Mr. Leonard Jaroszuk reports

ENTERPRISE GROUP ANNOUNCES CANADA'S FIRST FULLY POWERED DRILLING OPERATION UTILIZING NATURAL GAS TURBINES

Enterprise Group Inc. has achieved a significant operational milestone through its power division, Evolution Power Projects ("EPP"), with the successful deployment of Canada's first drilling operation powered by multiple synchronized natural gas/fuel gas turbine generators.

This marks the first known Canadian operator to mobilize and synchronize natural gas turbine generators to deliver primary power for an active drilling operation, including direct support of the drilling rig itself. The system is currently powering an 80-day, four-well pad drilling program, delivering approximately one megawatt of reliable, mobile and continuous power.

With the exception of the rig's hydraulic system, all on-site operations are powered by the operator's own fuel gas through EPP's microgrid infrastructure. This includes the drilling rig, lighting, multiple mobile building structures, centrifuge systems and other miscellaneous surface equipment.

The project has now progressed beyond the halfway point with zero shutdowns or downtime, demonstrating the reliability, efficiency and scalability of Enterprise's turbine-powered microgrid solution. All performance metrics and equipment are monitored remotely, providing centralized visibility and control over both gas consumption and power usage.

The operational and economic benefits are substantial. The system is displacing approximately 7,000 litres of diesel fuel per day, generating expected savings of more than $200,000 by the completion of the drilling pad. In addition, the significant reduction in diesel consumption materially lowers emissions and associated carbon tax exposure.

Further benefits include approximately 50 per cent less noise compared with traditional diesel reciprocating engine generators, improving conditions for both nearby residents and on-site personnel. The solution also eliminates diesel trucking, refuelling labour, routine generator maintenance, fuel spillage risk, diesel theft and on-site fuel handling requirements.

"This project is a major validation of our natural gas turbine power platform and demonstrates the practical, economic and environmental advantages of replacing diesel generation at remote industrial sites," said Desmond O'Kell, president of Enterprise. "Industrial operators seek greater control over cost, emissions and uptime; our ability to deliver scalable, self-generated power solutions continues to position Enterprise at the forefront of this transition."

Enterprise continues to expand its turbine-powered microgrid offerings across drilling, completions, production, mining, construction, utilities and data centre applications, with a growing number of Tier 1 customers adopting natural gas power solutions to displace traditional diesel power generation.

Evolution Power Projects continues to expand its presence across Western Canada by delivering mobile and semi-permanent natural gas power solutions tailored to industrial operational requirements. EPP's concept-to-completion approach provides clients with system design, deployment, commissioning and continuing support, enabling reliable power delivery while supporting emissions reduction and long-term sustainability objectives.

About Enterprise Group Inc.

Enterprise Group is a consolidator of services, including specialized natural gas power generation equipment to the energy/resource and industrial sectors. The company works with particular emphasis on systems and technologies that mitigate, reduce or eliminate CO2 (carbon dioxide), greenhouse gas (GHG) and other harmful emissions for itself and its clients. The company is well known to local Tier 1 and international resource companies with operations in Western Canada.

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