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Stock Market & Financial Investment News

News Breaks
February 29, 2012
09:46 EDTCDZICadiz updates on plan to convert nat gas pipelines for water transmission
Cadiz updated on its plans to purchase idle natural gas pipelines for conversion to water transmission, including a 220-mile pipeline owned by El Paso Natural Gas that originates south of Bakersfield, California and stretches into Cadiz, California, where the company’s primary landholdings are located. Based on the strength of the feasibility assessments, the company yesterday made a $1M payment to EPNG to continue the term of the option agreement through March 2013. The extension provides the company time to fully analyze opportunities for the pipeline through completion of the Project’s environmental review and permitting process. The purchase price of the line at the conclusion of the option period is $40M. The company is also currently exploring opportunities that are offered by a second smaller line owned by Questar Corporation. The company has an option agreement with Questar through December 31, 2012. The purchase price of the line at the conclusion of the option period is $10M.
News For CDZI From The Last 14 Days
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May 20, 2015
14:17 EDTCDZICadiz water project endorsed by LA County Business Federation
Cadiz announced that the Los Angeles County Business Federation, a grassroots alliance of more than 135 local business groups, voted at its May 19 board meeting to support the Cadiz Valley Water Conservation, Recovery and Storage Project, a public-private partnership with the Santa Margarita Water District. The Cadiz Water Project will capture and conserve groundwater that is presently being lost to evaporation at the company’s 35,000-acre property in California’s eastern Mojave Desert and create a new supply of water for 400,000 people throughout Southern California over 50 years, the company said. Cadiz shares are up 4% following the announcement.

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