In a News Release of 27 feb, 2014, SWN states: With regard to the company’s acreage in New Brunswick, Canada, 2,518,518 net acres will expire in March 2015. The company has applied for an additional 1-year option to extend its exploration license agreements that, if granted by the Province of New Brunswick, would extend its exploration license agreements until March 2016. While not announcing any investment in exploration drilling in New Brunswick in 2014, the company did announce significant investment in the Arkansas/Louisiana shales: In 2013, Southwestern invested $84 million in its Lower Smackover Brown Dense exploration program and currently plans to invest approximately $178 million in 2014. swn/investors/Press_Releases/2014/IRDocuments2013YearEndEarningsRelease.pdf Will New Brunswick grant SWN another years extension? Why have we not heard about this possibility from the government? Lawrence Wuest
Posted on: Tue, 25 Mar 2014 13:36:09 +0000
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