Shoal Point Energy Ltd. (SHPNF)

[prokopton]

Looks like SHP could be dead money for awhile. These environmental reviews could take months, or worse years if appeals are involved.

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Shoal Point Energy (SPE) submitted to the C-NLOPB on January 8, 2013 an Amendment to the 2007 Environmental Assessment of the Port au Port Bay Exploration Drilling Program and 2007
Port au Port Bay Exploration Drilling Program Environmental Assessment Addendum for the onshore-to-offshore exploratory/delineation drilling program at Shoal Point on the Port au Port Peninsula. The purpose of the amendment is to describe and assess near-wellbore stimulation activities (hydraulic fracturing) and to extend the temporal scope of the original assessment.

This report was forwarded to government departments and agencies for their information and comment on January 10, 2013 requesting response by February 11, 2013. Since then, the Newfoundland and Labrador Department of Environment and Conservation (NLDEC) has notified SPE that upon review of SPE’s proposed activities, it has determined that the project requires environmental review pursuant to the Environmental Protection Act, SNL 2002, cE- 14.2, and that it should be registered under that Act.

We believe that comments from some departments and agencies may not be available until the NL process has advanced further, and therefore are extending the comment period on the Amendment until further notice.

http://www.cnlopb.nl.ca/pdfs/spedrillrev.pdf