Canada Energy Partners Inc. (TSX VENTURE:CE) ( the "Company") received a General Order from the British Columbia Oil & Gas Commission (" OGC ") on March 16 th ordering a suspension of all disposal activities at the Company's water disposal well in northeast British Columbia. The Order "shall remain in effect until amended or terminated in whole or in part by the Commission…pending a review of additional technical information." The Company immediately ceased disposing and has secured the well.
The reasons given were concern over enhanced seismicity alleged to be related to water disposal. The OGC gave no evidence of increased seismicity related to the Company's disposal well but referenced increased seismicity in other areas of British Columbia. The General Order states that the Company "has met the conditions" stipulated in its disposal permit.
The Company will be requesting a review and, if appropriate, an appeal of this order.
The General Order can be viewed on the Company's website: www.canadaenergypartners.com .
On behalf of the Board of Directors of Canada Energy Partners Inc.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Canada Energy Partners Inc.
Date: Mar 17, 2017