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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (9636)	2/27/2003 4:08:41 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 24921

Portfolio Stock / EnCana Corp. National Energy Board - Regulators Suspend Deep Panuke Coordinated Public Review HALIFAX, Feb. 26 /CNW/ - The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) and the National Energy Board (NEB) have agreed to suspend the Coordinated Public Process for the review of EnCana Corporation's (EnCana) Deep Panuke Offshore Gas Development Project. On February 14th, 2003, EnCana requested that the applications before the CNSOPB and NEB be adjourned sine die and that the balance of the proceedings be suspended. The CNSOPB has revoked the appointment of its Commissioner and terminated the CNSOPB Deep Panuke Public Review. The NEB has rescinded the authorization of its Member under s. 15 of the National Energy Board Act and has adjourned the GH-4-2002 proceeding. Both Boards have decided to close the Secretariat Office, which was established in Halifax, and to archive the Secretariat website. The Boards have requested that EnCana provide an update on its review of the Deep Panuke Project by December 10th, 2003. At that time, the coordinated public review arrangement between the Boards and any recommencement of proceedings will be examined after reviewing EnCana's project update. EnCana had filed applications with the two Boards on March 1st, 2002. The application to the CNSOPB included a Development Plan, a Canada-Nova Scotia Benefits Plan, an Environmental Impact Statement and a Socio-Economic Impact Statement, collectively known as the Development Application. The application to the NEB was to construct and operate a 179 kilometres (111 miles) of 610 millimetre (24 inch) pipeline from the outlet flange of the offshore production platform to an interconnect with the Maritimes & Northeast Pipeline Management Ltd. main transmission pipeline approximately 1.1 kilometres (0.68 mile) downstream from the Goldboro gas plant.