WOODLAND CREE FIRST NATION GIVES NOTICE TO ALBERTA ENERGY REGULATOR - THE OBSIDIAN ENERGY (TSE: OBE/NYSEAMERICAN:OBE) OIL WELL EXPANSION WILL NOT PROCEED
Retrieved on:
Wednesday, February 14, 2024
EDMONTON, AB, Feb. 14, 2024 /CNW/ - Woodland Cree First Nation has provided notice to the Alberta Energy Regulator that Obsidian's planned expansion of wells on their territory cannot proceed.
Key Points:
- EDMONTON, AB, Feb. 14, 2024 /CNW/ - Woodland Cree First Nation has provided notice to the Alberta Energy Regulator that Obsidian's planned expansion of wells on their territory cannot proceed.
- "CEO Stephen Loukas and Obsidian (TSE: OBE/NYSEAMERICAN:OBE) have not met the basic legal requirements necessary to proceed with development on our territory.
- In the past few days, Woodland Cree community members have started establishing traditional monitoring camps across WCFN territory to safeguard their land from Obsidian oil development that WCFN has not authorized.
- For further information: Chief Isaac Laboucan-Avirom is available for comment to the media and shareholders of Obsidian Energy Ltd.