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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (4227)2/11/2014 12:20:32 PM
From: Andrew~Read Replies (1) of 202076
 
PEA-V
The Superior Court of Quebec Renders a Decision Favourable to Petrolia in its Case Against the Municipality of Gaspe
Pétrolia welcomes the decision rendered today by the Superior Court invalidating a municipal by-law adopted by the Municipality of Gaspé. This by-law, which was adopted on December 22, 2012, aimed to establish a minimum distance between drilling and drinking water sources on its territory. The judgment confirms the primacy of the Government of Québec's jurisdiction over natural resource exploration regulation.

Pétrolia has indicated its willingness to wait for the release, scheduled for March 31st, of the hydrogeological study commissioned by the Québec government before resuming drilling.

"We are pleased with Judge Moulin's decision. Pending the publication of the hydrogeological study scheduled for March, we will continue to work with the Municipality and the Gaspé community in order to keep everyone informed of our activities with regard to health, safety and environmental compliance issues. Our goal is to resume work in accordance with our permits and their corresponding timelines," said Pétrolia CEO Myron Tétreault.

The judgment is available for consultation at: gbvavocats.com.

http://stockboard.com/news/view.php/the-superior-court-of-quebec-renders-a-decision-favourable-to-petrolia-in-its-case-against-the-municipality
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