Contact Exploration Inc., Calgary, submitted to the New Brunswick government an environmental impact assessment for Stoney Creek oil and gas field in New Brunswick.
The assessment contemplates the drilling of more development wells in early summer 2012. Contact expressed encouragement at the results of its 2010 horizontal drilling program at Stoney Creek and is working to secure equipment for the summer program pending regulatory approval to proceed.
Meanwhile, the government has granted extensions on all prospective oil and gas lands held in New Brunswick. Lands Contact considers prospective for oil near the B-55 Hopewell well were extended until 2014, and lands prospective for natural gas were secured until 2017.
