Olje og energi

Bulder
27.03.2018 kl 09:39 4186

Jason D'Silva

Hi

We have submitted our comments to the Ministry of the Environment on the draft environmental regulations earlier this year. We have not yet reviewed the transition regulations in great detail but if they are inline with the draft we don’t expect any major impact.

Much like the hydrocarbon regulations, we think there is room for improvement to make them more efficient compared to best practices in other jurisdictions. Most importantly the draft we reviewed allow us to drill and complete wells, subject to social acceptability.

We don’t expect to see temporary regulations for the oil and gas regulations. We are now waiting for the final hydrocarbon regulations to see if there are any changes from the draft. Once published we can finalize our plans for the clean gas likely and seek the approvals and social acceptability we need.

Please feel free to share this with any other shareholders.

Thanks

Jason

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