BKS - CNSX
Frankfurt/Berlin Exchanges - WKN 871666
| December 10, 2007 License Application Pre-Hearing Update | |
| Berkley Resources Inc. (the "Company" or "Berkley") and its seven partners were pleased that the Alberta Energy and Utilities Board ("AEUB") agreed to postpone the Pre-Hearing Meeting scheduled for December 5, 2007 relative to the Company's well license application in the Crossfield Area of Alberta. The late and unexpected application for intervener status by the Town of Crossfield made the postponement to February 2008 the appropriate course of action while the Company deals with their concerns. The proposed 10,000 ft. Crossfield formation test is located 5 km (3 miles) southwest of the Town of Crossfield at 11-9-28-1 W5M. The Company is disappointed with the need for this postponement inasmuch as Berkley's licensing manager had worked diligently with the Town of Crossfield for over two years to ensure that all issues had been dealt with. The Company is confident that the new members of the Town Council will become comfortable with the proposed drilling operation when they have had the opportunity to fully understand the entire drilling process and the layer over layer of safety measures that will be in place throughout the drilling and production operations. The agreed postponement should not alter the actual drilling time for the well which is planned for mid-2008. ON BEHALF OF THE BOARD "Lindsay Gorrill" Lindsay Gorrill President & COO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contend of this news release | |
You can view the Next News Releases item: Thu May 1, 2008, Berkley Announces 2007 Reserves, Financials and Production Results You can view the Previous News Releases item: Tue Oct 23, 2007, Berkley Receives Notification For Pre-Hearing Relative to Licence Application to Drill Crossfield Well You can return to the main News Releases page, or press the Back button on your browser. |