News Releases 2013

Statement to the Media – Shoal Point Energy Licence Extension Request

For Immediate Release
December 13, 2013

The C-NLOPB considered and rejected three separate proposals from Shoal Point Energy (SPE) for a one year extension to Exploration Licence 1097R. The most recent decision by the Board was communicated to the company on December 12.

In making this decision, the Board considered that this licence was issued based on conventional exploration work. Nearly eight years of Period I has passed and minimal exploration has been undertaken. The proposal submitted by SPE does not identify a plan to proceed with activity to fulfil the drilling obligation on the licence and instead identifies “a physical and legal impossibility to undertake a drilling program” in the only format now contemplated.

The proposal to amend the licence did not incorporate a forfeiture of drilling deposit for not meeting the obligations of the licence to date; forfeiture of drilling deposit is consistently required where extension is agreed on a contractual or special consideration basis and was required in the last (and final) licence extension provision in the terms of EL 1097R.

Based on these facts, the Board has chosen to not exercise its discretion to amend EL 1097R to allow another extension to Period I.

Media Contact:
Sean Kelly M.A., APR, FCPRS
Manager of Public Relations
(709) 778-1418
(709) 689-0713 (cell)

News Releases 2013

2013, Dec 19C-NLOPB Announces 2013 Call for Nominations and Improvements to the Land Tenure System
2013, Dec 13Statement to the Media – Shoal Point Energy Licence Extension Request
2013, Nov 18Statement to the Media – Updated Reserves/Resources
2013, Oct 28North Amethyst Development Plan Amendment Approved (North Amethyst Hibernia Formation)
2013, Oct 4Statement to the Media
2013, Sep 17C-NLOPB Clarifies Roles and Responsibilities with Respect to Information Release in the July 2011 Cougar Helicopter Incident
2013, Aug 30C-NLOPB announces public consultation sessions for the Eastern Newfoundland Offshore Area Strategic Environmental Assessment
2013, Jul 12Deadline Extended for Public Review of Draft Western Newfoundland and Labrador Strategic Environmental Assessment (SEA) Update Report
2013, Jul 12Report de la date limite pour l’examen public de l’ébauche du rapport de mise à jour de l’évaluation environnementale stratégique (EES) de l’Ouest de Terre Neuve et du Labrador
2013, Jun 21C-NLOPB Invites Comments on Western Newfoundland and Labrador Offshore Area Strategic Environmental Assessment Update Report
2013, Jun 5White Rose Development Plan Amendment Approved (South White Rose Extension)
2013, Jun 3Request for Proposals for the Eastern Newfoundland and Labrador Offshore Area Strategic Environmental Assessment
2013, May 16C-NLOPB Announces 2013 Calls for Bids
2013, Apr 2C-NLOPB Updates Terra Nova Reserve & Resources Estimates
2013, Feb 28Environmental assessment underway for offshore oil and gas activity in the Gulf of St. Lawrence
2013, Feb 5Opportunity for Public Comment White Rose Development Plan Amendment Application (South White Rose Extension Tie-Back Project)
2013, Feb 5C-NLOPB says more will be done to prepare for major oil spills, but spill prevention must remain the priority
2013, Jan 31Return to Night Passenger Transport Operations – Operator Response Update