Scandoil  

BNP Resources announces termination of sale of Jensen wellbores


Published Mar 26, 2014
BNP Resources Inc.

BNP Resources Inc. has received a termination notice from the private company, and the sale of the Jensen wellbores will not proceed. We were unable to get an acceptable leaseholder deal between the owner of the freehold leases and the private company.

The freehold leaseholder required a drilling commitment and a deposit from the private company, in order to issue the lease. BNP no longer hold the Jensen leases as we had insufficient funds on hand to make payment. This leaves the company without a lease for the Jensen facilities.

It is anticipated that the freehold leaseholder and the AER will be proceeding with abandonment orders for our Jensen wellbores and pipelines, over the next 2-6 months.

Tags: BNP Resources Inc.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml