Province commits up to $212,000 to bring company to Prince Edward Island

Teresa Wright
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Gordon Stove, left, CEO, and Alan Goodwin, VP of operations, North America, for Adrok, look over some of the technology the company uses to explore for underground minerals and energy resources. The company has chosen Prince Edward Island as its Canadian base of operations.

Adrok Limited to be based in Charlottetown and create six jobs for geophysics and field technicians

A Scottish company with technology that can find underground minerals and energy resources has decided to make Prince Edward Island its Canadian home.

Adrok uses electromagnetic beams to penetrate rock, seawater and earth in order to survey for natural resources.

This patented technology offers companies the ability to search for oil, gas and minerals without the damaging effects of exploratory drilling.

On Monday, Adrok announced it has chosen P.E.I. as its Canadian base of operations.

“We were in Alberta last week and there were a lot of eyebrows raised when we said we were based in P.E.I. because they all thought they’ve got the oil so we should be there, but actually the province of P.E.I. has got everything we need to grow as a company,” said Alan Goodwin, vice-president of operations for Adrok.

“We’ve had lots of support, the people here have been fantastic in terms of setting up our economic plans and our financial plans, so that’s been very supportive,” said managing director and co-founder Gordon Stove.

The provincial government has committed $11,000 as part of a rental incentive together with a labour rebate that could reach $201,000 if the company reaches its target of hiring six Island employees by the end of 2015.

Innovation Minister Allen Roach said the province is excited by the work that Adrok performs and was only too happy to help the company set up shop in Charlottetown.

“We see that there’s great opportunity for that type of business here in North America,” Roach said.

“They’ve proven their product in other countries around the world. They came to Canada, they looked at various locations, they chose to come to Prince Edward Island and we’re extremely pleased with that.”

Adrok will provide a base to service existing clients in the region as well as developing business within Canada’s booming mineral exploration industry.

The new base will create six jobs for geophysics and field technicians who will gather and analyze data on site before sending it back to the company’s Edinburgh headquarters for further analysis.

There will also be a sales and marketing function in order to build a client base in the region.

Stove said his company’s low-power multi-frequency radio wave technology allows it to probe subsurface areas offers prospective developers the ability to identify lucrative underground or underwater resources in more environmentally sensitive way.

It also costs significantly less than normal drilling costs for test wells.

Adrok’s decision to base its headquarters in the province was not necessarily linked to a desire for oil or gas surveying in Prince Edward Island.

But Stove did say the company would be willing to do some exploratory work here.

“We plan to develop our offshore capability here in the Maritimes. In the east coast of Canada there’s great opportunities to find more sources of energy,” Stove said.

“I think certainly that Minister Sheridan will be interested in what this company has to offer, and if we do look for things in P.E.I. then we have the company here,” Roach added.

Adrok conducted its first commercial exploration in 2007 in Morocco and has since used its patented technology to assist energy and mineral exploration in the North Sea, Europe, North America, Australia and Asia.

twright@theguardian.pe.ca

Twitter.com/GuardianTeresa

Organizations: Department of Innovation

Geographic location: Prince Edward Island, Charlottetown, Canada Edinburgh

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Recent comments

  • voter
    March 11, 2014 - 14:45

    HOLY FRACK!!!! free money !!!!!!!!!come to PEI!!!!

  • YOLANDA
    March 11, 2014 - 12:48

    Setting up their economic plans and their financial plans, - What? Did these people not even have that ??? Some outfit, - but what to heck, it is just taxpayers money, ---. I can imagine people in Alberta laughed their head off, that stupid little poor was the place won the 'prize' to pour their money into. It is painful to have such stupid representatives.

  • John Smith
    March 11, 2014 - 09:56

    Do you people even know what fracking is? I agree it's not a great thing but what this company is doing has nothing to do with fracking. Typical PEI though wine and complain about anything you can .................

  • John Smith
    March 11, 2014 - 09:55

    Do you people even know what fracking is? I agree it's not a great thing but what this company is doing has nothing to do with fracking. Typical PEI though wine and complain about anything you can .................

  • Fort Mac
    March 11, 2014 - 00:32

    The ties tell it all...lol....please say it isn't so....

  • Try this
    March 10, 2014 - 21:33

    Guardian heading should read "" Islanders not supported"" but give a try anyways! What a joke, I hope this company fails, serves Roach right. Why not give them money after they achieve what they say they will and this goes for every company supported by the Liberals....never heard of a CEO getting a bonus before results are achieved or getting one for 'trying' why does this government think backwards??? Patronage!!!! These two people are not or have not contributed in any way to the economy of PEI...perhaps their ties should be green not pink! 212,000 shades of green that is!

  • SOUNDS LIKE FRACKING
    March 10, 2014 - 21:10

    The ability to search for oil, gas and minerals, without drilling. Not only is Ghiz and his gang bring in their own fracking company we are paying for it. Seems quite soon to have a company like this coming just as the potato industry is crying to use deep water wells.

  • WAS WAITING
    March 10, 2014 - 20:58

    After seeing this new company coming to PEI in the paper the other day I was waiting to see what it was going to cost the taxpayers. Now we have another leach bleeding the taxpayers dry, Just what we needed. Can you imagine what a mess we would be in if Ghiz or Wes had any common sense between them? Fortunately for us neither have any.

  • formerislander
    March 10, 2014 - 19:07

    WHAT A BUNCH OF NEGATIVE CLOWNS YOU ALL ARE!!!! Jobs are being created- but that's not good enough- let's put a negative spin on it- I am soooo glad i moved away from that sh*t hole of an Island- born and raised there- so i can say it- and am sooo glad my children don't have to put up with the incessant whinning that you all do- let's blame the Gov't for your laziness- no wonder people think we're the armpit of Canada- leeches sucking as much out of the Gov't as you possibly can so ya's can sit around all winter and complain your bored cause ther's nothing to do- draw your pogy- smoke your smokes and drink you Tims - just shut up and get to work and stop complaining about the Gov't creating jobs- ya gotta spend it to make it dummies!

    • me too
      March 10, 2014 - 20:53

      Can't say I agree with the last part of your rant, but it is ridiculous how Islanders spin this into something so negative. I don't support this gov't, however kudos to Ghiz and Co. for this. So what if the $212K pays 6 salaries for a year - that's 6 (and eventually more) long term decent paying jobs, for a small one-time investment.

    • Regular Joe
      Regular Joe
      March 10, 2014 - 21:28

      Yes and it's projects like this that are the reason there is no work around here . Really 212 thousand to create 6 jobs . Must be going to be some high paying jobs . They spend an we never collect . The Government has put us 2 billion in debt and what have we to show for it ,higher taxes ,higher user fees , fewer jobs and a higher cost of living oh an lets not forget our new 20 million highway that is falling apart already . Only ones making money are friends of the Giz regime .

  • up eastener
    March 10, 2014 - 17:08

    Set up shop in wonderful Charlottetown.Do these political clowns even know people are hurting from one end of the Island to the other and they just keep throwing our money away!ENOUGH ALLREADY,STOP PLAYING WITH TAX PAYERS MONEY!

  • fed up
    March 10, 2014 - 15:08

    Island covered in oil derricks, hell ya! That would be great ! I have some land , hope that old Texas tea is under her.

  • Next step: FRACKING
    March 10, 2014 - 14:39

    Like some of the other comments; I also believe that this is the first step towards fracking, and the taxpayers are paying $212,000.00 for it!! I know the Ghiz, Sheridan and Roache will all deny this; just like they did before with the HST, Plan B, patronage, tax increases, school closures, pension reform and others that I am forgetting at the moment!!

  • Dan Drite
    March 10, 2014 - 14:16

    I believe we have reached the point where the political outsiders with realistic forethought are now positioning themselves to abandon or at least curtail their financial risks tied to the sinking ship HMS PEI.

  • Regular Joe
    Regular Joe
    March 10, 2014 - 13:52

    212 thousand dollars for 6 jobs . Only the Giz government would call that a major investment for P.E.I . Looks to me like it's more of a sizable investment for the company to help it open an office in the maritimes . Quote The new base will create six jobs for geophysics and field technicians who will gather and analyse data on site before sending it back to its Edinburgh headquarters for further analysis. end quote . So who is paying for the training for these jobs or are they going to someone from off island , as I doubt there are may here that qualify for those positions .

  • peter
    March 10, 2014 - 12:17

    substantive investment?? it took a year to make sure PEI had the best deal, = taxpayers of PEI the biggest suckers thanks to a useless government.

  • Ready to Drill
    March 10, 2014 - 12:17

    These are all just dance steps. Lift the moratorium on deep water wells. Position AKA and Adrok to do some preliminary activity, courtesy of the taxpayer. Builds complicity. We already showed our weakness on PNP, Plan B and HST. Good polling numbers for Ghiz Liberals. Justin Trudeau in place for big oil agenda after Harper. Liberals lying throughout. Pedigree leaders being used. Island covered in oil derricks. Profits and pay offs for a few. Royalties spun as great for PEI. Rural areas cleared. Tourism done. Island unrecognizable. People wondering how. Trusting Liberals. That is how it is done. And oh yes people telling the truth about this portrayed as nuts. That is where you come in passive Islander friends. If only we could beat up crooked Liberal politicians as thoroughly as we do those people trying to help us and tell us the truth.

  • intobed
    March 10, 2014 - 10:34

    The first step towards fracking?

  • Cripes
    March 10, 2014 - 09:41

    Cripes - Just where in the HELL is this goverment getting the gaul to keep putting this province further in the RED . ("sizeable incentive package" from P.E.I.'s Department of Innovation.) it has to STOP . Getting closer to the time for a tax & people revolt .

    • Wthey
      March 10, 2014 - 13:38

      Wow, wow and wow! Some Islanders are suffering tip to tip to put food on their tables because of the ammount of taxes and basic living cost here and this Liberal government just cannot stop itself from spending so frivilously. At this rate, I have no doubt in my mind that the day of revolt is coming. My grandfather fought for this country and it sure as heck wasnt so that future polititians could line their pockets, boost their ego's and force hard times on Canadian citizens!!!!!!!!