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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Dale Schwartzenhauer who wrote (2249)12/21/2001 9:57:44 AM
From: joe sax  Read Replies (2) of 2306
 
To All,

Finally a decision that is favourable to all of us long suffering shareholders.Hopefully we will all be laughing even harder in the weeks to come.

13 DECISION

On the basis of the overall findings, the Board concludes that it is in the public interest to
continue the 2-34 well licence. The Board also provides for the approval of the pipeline with
certain conditions.

In the course of the hearing, the Board identified three areas of concern about which it had
referred investigations back to the appropriate EUB work groups to determine if regulatory
requirements were met. The issues were the sump and drilling waste materials on the 2-34 well
site, the apparent incompatibility in the I-^S content of the Stampede production versus the
Anderson system, and the inconsistencies when comparing various documents on production
reported for the 2-34 well. In each instance, the Board expects the appropriate work group at the
EUB to gather the required information and complete a review on the matters identified. The
Board asks that the results of those investigations be shared with interested hearing participants
to ensure a transparent process.

Pursuant to the provisions of Section 42 of the ERCA, the Board hereby varies Well Licence
0239741 by attaching the following conditions:

• Prior to commencing operations at the well. Stampede must submit to the Board for approval
a strategic and tactical plan outlining its public consultation/community relations program,
as described in Section 10.3, and obtain the Board's approval of the program.

• Within four months of the date of this report. Stampede must submit to the Board for
approval a terms of reference for its operations and compliance management plan, as
discussed in Section 11.3. Further, Stampede must develop and then submit an appropriate
operations and compliance management plan developed from the terms of reference within
one year of the date of this report, as well as an independent third-party audit of its
management system and the regulatory compliance of its facilities.

The Board is prepared to approve Application No. 1242414 for a licence to construct and
operate a sour oil effluent pipeline from the 2-34 well subject to the following conditions:

• Anderson must obtain the appropriate approvals to accommodate Stampede's production
into its system, or either party must make appropriate facility or system modifications to
ensure compliance with the HzS limits of the pipeline system.

• Prior to the construction or operation of the pipeline. Stampede must submit to the Board a
strategic and tactical plan outlining its public consultation/community relations program, as
described in Section 10.3, and obtain approval of the program.

Issued at Calgary, Alberta, on December 20, 2001.
ALBERTA ENERGY AND UTILITIES BOARD

<0riginal signed by>

H. 0. Lillo, P.Eng.
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