Shoal Point Energy Ltd. (SHPNF)

[74stingray]

Province is not entertaining any applications to Frack.

http://www.vocm.com/newsarticle.asp?mn=2&id=41631&latest=1

Kathy Dunderdale says the province is not entertaining any applications to frack. In November, the province announced a temporary ban on fracking pending a review of the controversial oil extraction method. The Premier was responding to statements by Shoal Point Energy who, after losing a bid to extend an exploration license, laid partial blame on the province for 'changing the regulatory environment'.

Dunderdale says the company had applied to drill using conventional techniques but also wanted to reserve their right to frack. She says until a proper review of the controversial method of extracting oil is complete, there will be no hydraulic fracturing in the province.



Dunderdale says when it comes to conventional drilling it is up to the C-NLOPB to make a ruling and in this case they have.