PetroWorth's Exploration Agreement Extended
Energy
August 9, 2012 2:07 PM
The Department of Energy is granting PetroWorth Resources a one-year extension to its exploration agreement for the Lake Ainslie area in western Cape Breton.
The extension is retroactive to July 15, 2012.
In June, PetroWorth requested an extension to its current exploration agreement, which expired July 15. The Department of Energy reserved its decision pending the outcome of a court appeal to overturn the environmental approval of PetroWorth's exploration well.
"Now that the court has dismissed the appeal, we are granting PetroWorth its ninth and final year of its exploration agreement," said Energy Minister Charlie Parker today, Aug. 9. "The agreement does not give the company the authority to drill or undertake any other activity, but the company does have those required approvals in place."
PetroWorth applied in the fall of 2010 to drill a traditional exploration well in search of oil, not shale gas, on private property in the Lake Ainslie area. It does not involve hydraulic fracturing.
PetroWorth received an Industrial Approval from the Department of Environment in July 2011 and an Authority to Drill from the Department of Energy in September 2011.
FOR BROADCAST USE:
The Department of Energy is granting PetroWorth Resources
a one-year extension to its exploration agreement in the Lake
Ainslie area.
The extension is retroactive to July 15th, 2012.
The department had reserved its decision pending the
outcome of a court appeal to overturn the environmental approval
of PetroWorth's oil exploration well in the area. The court has
dismissed that appeal.
PetroWorth applied in the fall of 2010 to drill a
traditional exploration well in search of oil on private
property in the Lake Ainslie area. It does not include using
hydraulic fracturing.
The company has the required approvals to proceed.
-30-
Media Contact: Tracy Barron
Department of Energy
902-424-1757
E-mail: barrontb@gov.ns.ca
The Department of Energy is granting PetroWorth Resources a one-year extension to its exploration agreement for the Lake Ainslie area in western Cape Breton.
The extension is retroactive to July 15, 2012.
In June, PetroWorth requested an extension to its current exploration agreement, which expired July 15. The Department of Energy reserved its decision pending the outcome of a court appeal to overturn the environmental approval of PetroWorth's exploration well.
"Now that the court has dismissed the appeal, we are granting PetroWorth its ninth and final year of its exploration agreement," said Energy Minister Charlie Parker today, Aug. 9. "The agreement does not give the company the authority to drill or undertake any other activity, but the company does have those required approvals in place."
PetroWorth applied in the fall of 2010 to drill a traditional exploration well in search of oil, not shale gas, on private property in the Lake Ainslie area. It does not involve hydraulic fracturing.
PetroWorth received an Industrial Approval from the Department of Environment in July 2011 and an Authority to Drill from the Department of Energy in September 2011.
FOR BROADCAST USE:
The Department of Energy is granting PetroWorth Resources
a one-year extension to its exploration agreement in the Lake
Ainslie area.
The extension is retroactive to July 15th, 2012.
The department had reserved its decision pending the
outcome of a court appeal to overturn the environmental approval
of PetroWorth's oil exploration well in the area. The court has
dismissed that appeal.
PetroWorth applied in the fall of 2010 to drill a
traditional exploration well in search of oil on private
property in the Lake Ainslie area. It does not include using
hydraulic fracturing.
The company has the required approvals to proceed.
-30-
Media Contact: Tracy Barron
Department of Energy
902-424-1757
E-mail: barrontb@gov.ns.ca