The Oil & Gas Appeal Tribunal of British Columbia (the "Tribunal") has established the timeline for Canada Energy Partners Inc.'s (TSX VENTURE:CE) (the "Company") appeal of the order issued by the British Columbia Oil & Gas Commission ("OGC") on March 16th suspending all disposal activities at the Company's water disposal well in northeast British Columbia. All submissions related to the appeal must be delivered by June 19th, after which the Tribunal will deliberate and render a decision.
The Company received an order from the OGC (the "Order") suspending its water disposal permit on March 16, 2017. The Order "shall remain in effect until amended or terminated in whole or in part by the Commission." The Company immediately ceased disposing and has secured the well. The reasons given by the OGC were concerns over enhanced seismicity alleged to be related to water disposal. The OGC gave no evidence of increased seismicity related to the Company's disposal well but referenced increased seismicity in other areas of British Columbia. The General Order states that the Company "has met the conditions" stipulated in its disposal permit.
The OGC's General Order and the Company's Notice of Appeal can be viewed on the Company's website: www.canadaenergypartners.com.
SOURCE: Canada Energy Partners Inc.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.