SaskWorks

SaskWorks Venture Fund, established in 2001 and based in Regina, Saskatchewan, is a retail mutual fund focused on investing in privately-held small and medium-sized businesses that are owned or primarily operated in the province. As a labour-sponsored venture capital corporation, it offers investments that qualify for a tax credit of 35%, in addition to the benefits of RRSP tax deferral. The Fund provides Saskatchewan residents with the opportunity to invest locally, thereby contributing to the growth of regional companies and the creation of jobs within the province. Through its investment strategy, SaskWorks aims to support the development of the Saskatchewan economy while offering potential financial returns to its investors.

Chris Selness

Vice President

Past deals in Alberta

Switch Power

Debt Financing in 2021
Switch Power is an Alberta-based sustainable power developer, asset manager, and producer focused on deploying meaningful megawatts through its electricity as a service business model.

SafetyTek

Seed Round in 2020
SafetyTek is a safety engagement platform built to automatically implement a companies safety program. When safety is properly enforced companies see the elimination of unplanned work stoppages, they reveal the true value of safety where every $1 in make $8 in revenue, and they invest in their reputation by retaining top talent and gain repeat business from clients. SafetyTek delivers accountable real-time safety performance!

Lightstream Resources

Venture Round in 2020
Lightstream Resources Ltd., formerly PetroBakken Energy Ltd., is a Calgary, Alberta-based oil exploration and production company.

CEL Electric

Venture Round in 2020
CEL Electric specializes in electrical construction services, focusing on the design and installation of electrical systems for industrial, commercial, and agricultural projects. The company provides a comprehensive range of services, including electrical installation, engineering, instrumentation, and both servicing and predictive-preventative maintenance. CEL Electric aims to ensure the safety and reliability of electrical systems and instrumentation, enabling clients to receive custom-manufactured, CSA-approved electrical equipment tailored to their specific needs.

Spur Petroleum

Venture Round in 2020
Spur Petroleum is a privately owned oil and natural gas company based in Calgary, Alberta, focusing on operations in Western Canada. The company is engaged in the exploration and production of oil and natural gas, boasting a balanced asset base that includes both resources. Spur Petroleum is committed to developing a growing inventory of low-cost, low-risk opportunities within the energy sector.

Steel Reef Infrastructure

Private Equity Round in 2019
Steel Reef is a privately held mid-stream company targeting strategic small and mid-sized infrastructure projects.

Burgess Creek Exploration

Venture Round in 2018
Operator of a private light oil and gas exploration and development company focused on light oil prospects in Southeast Saskatchewan. The company uses expertise and innovative technologies within internally generated prospects and strategic acquisitions, toward project selection and financial governance for fuel exploration.

Karve Energy

Venture Round in 2016
Operator of an oil exploration and production company based in Calgary, Canada. The company's activities include drilling new wells, enhancing production from existing wells and acquiring additional properties with oil and gas potential, thereby generating long-term shareholder value for clients.

Chronos Resources

Venture Round in 2015
Chronos Resources is a private oil and gas exploration company, focused on light oil and natural gas in southwestern Saskatchewan. Its headquartered in Calgary, Alberta

Caltex Energy

Venture Round in 2014
Caltex Energy is engaged in the exploration and production of heavy oil and natural gas in Canada. The company operates oil production plants focused on conventional and heavy oil extraction. Utilizing enhanced oil recovery techniques, Caltex injects polymers or carbon into the ground to access hard-to-reach oil reserves and extend the lifespan of oilfields. This approach allows the company to maintain low operational costs while efficiently producing oil and gas.

Stampede Drilling

Post in 2013
Stampede Drilling Inc offers oilfield services and drilling services to the oil and natural gas industry in the Western Canadian Sedimentary Basin (WCSB).

Long Run Exploration

Venture Round in 2013
Long Run Exploration Ltd. is an intermediate crude oil and natural gas company based in Calgary, Canada. It focuses on the exploration, development, and production of oil and natural gas within the western Canadian Sedimentary Basin, particularly in the Peace River Montney, Redwater Viking, Deep Basin Cardium, and Boyer Bluesky regions. The company emphasizes environmentally responsible practices while safely and prudently managing its operations. Established in 1999, Long Run Exploration was formerly known as WestFire Energy Ltd. and adopted its current name in October 2012.

Terra Grain Fuels

Venture Round in 2013
Producer of ethanol and dried distiller's grains. The company contracts with wheat growers, then sells its finished products to manufacturers, including ethanol blenders in the Canadian provinces of Saskatchewan, Alberta and Manitoba.

TriWestern Energy Corp.

Venture Round in 2012
TriWestern Energy Corp. is a private exploration and production company focusing on conventional heavy oil in western Canada. Senior management team with deep experience in heavy oil operations. TriWestern was acquired by Caltex Resources Ltd. in 2012.

Highrock Resources

Venture Round in 2011
Highrock Resources Ltd is a junior exploration and production company focused in SE Saskatchewan.

Churchill Energy

Venture Round in 2007
Churchill Energy Inc., a junior oil and natural gas company, engages in the exploration, development, and exploitation of hydrocarbon reserves in the western Canadian sedimentary basin.

Terra Grain Fuels

Debt Financing in 2006
Producer of ethanol and dried distiller's grains. The company contracts with wheat growers, then sells its finished products to manufacturers, including ethanol blenders in the Canadian provinces of Saskatchewan, Alberta and Manitoba.

Avalon Oil & Gas

Venture Round in 2005
Avalon Oil & Gas Ltd. is a Calgary-based company that focuses on the exploration, development, and acquisition of conventional and thermal heavy oil properties in the greater Lloydminster area of Alberta and Saskatchewan. The company is dedicated to maintaining high standards of environmental, safety, and governance practices while engaging in its operations. Avalon Oil & Gas aims to offer effective resource disposition alternatives to its clients, ensuring successful outcomes in the energy sector.

Tamarack Valley Energy

Venture Round in 2005
Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. The Company uses a rigorous, proven modeling process to carefully manage risk and identify growth opportunities. Tamarack's diversified suite of oil-focused assets provides exposure to the high impact Cardium light oil resource plays in Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Veren

Venture Round in 2004
Crescent Point Energy is an independent exploration and production company that produces oil and gas with assets in Canada and the US that focuses on the development of high-return resource plays. Crescent Point Energy was founded in 2001 and is headquartered in Calgary, Alberta.

Plains Evironmental

Venture Round in 2001
Operator of an oil field waste disposal company based in Calgary, Alberta. The company specializes in the safe and responsible disposal of oilfield and industrial waste.

Crestline Coach

Venture Round in 2001
Crestline Coach Ltd. is a Canadian manufacturer and distributor of ambulances, buses, and specialty emergency vehicles, established in 1975 and headquartered in Saskatoon, Canada. The company serves a diverse clientele, including government agencies, emergency fleets, retirement communities, and various organizations worldwide. Crestline is recognized for its commitment to safety, innovation, and durability, consistently striving to meet and exceed industry standards. In addition to its main office in Saskatoon, Crestline operates additional locations in Alberta, Manitoba, Ontario, Quebec, and California. As of September 2018, Crestline Coach Ltd. functions as a subsidiary of Demers, Manufacturier d'Ambulances Inc.

Just Energy

Venture Round in 2001
Just Energy is a prominent independent energy supplier operating in the United States and Canada, serving over 1.6 million electricity and natural gas customer accounts. As the largest competitive green energy retailer in North America, Just Energy offers solutions that help customers mitigate their environmental impact. The company specializes in providing long-term fixed-price and price-protected contracts for electricity and natural gas, enabling customers to shield themselves from the volatility of energy prices. Just Energy's services cater to both residential and commercial clients across various regions, including Ontario, Alberta, New York, Massachusetts, Texas, and more. The company is committed to expanding its brand into additional states such as Pennsylvania, New Jersey, and Maryland, while continuing to focus on energy-efficient and renewable energy options.
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