MGM Energy Corp MGMCF

ConcoPhillips seeks to Expand fracking camp in the Sahtu

[SmallBet]

I'm a long term invenstor/shareholder on MGX, and am very disappointed with Management right now and the announcement. while over on CBC, still there is positive news in the valley up there, of exploration and optimism. I don't know what to think. WHY CAN'T OUR MANAGEMENT FIND INVESTMENT, WHEN MAJORS MAKE ANNOUNCEMENTS LIKE THIS??? ConocoPhillips seeks to expand fracking camp in the Sahtu CBC News Posted: Feb 28, 2014 9:43 AM CT| Last Updated: Feb 28, 2014 9:45 AM CT Facebook 1 Twitter 0 Reddit Share 1 Email Related Stories ■ConocoPhillips releases list of fracking chemicals ■NEB OK's 1st fracking project in N.W.T. ■Sahtu fracking approval draws praise and criticism External Links ■Visit the Sahtu Land and Water Board online ■Visit the Sahtu Land and Water Board Public Registry (Note: CBC does not endorse and is not responsible for the content of external links.) ConocoPhillips wants to build a bigger camp and draw more water than originally planned at it's fracking operation in the Sahtu. Sahtu region ConocoPhillips wants to expand its camp at its fracking program in the Sahtu Region of the Northwest Territories. (CBC) The company is licensed for a 150-person camp 7 kilometres from the Mackenzie River along its all-season access road. It’s applying to expand that camp to hold up to 425 people. Conoco also wants to take more water from the Mackenzie River — an additional 9,000 cubic metres annually, up from the 6,500 cubic metres its currently authorized to use. The first horizontal fracking project in the Northwest Territories has had a troubled start. ​ConocoPhillip’s fracking program in the Sahtu region has so far seen three chemical and sewage spills, a sudden release of 2,700 cubic meters of water from a holding pond that gave out, and injured one worker. Earlier this month a federal inspector toured the site and reported that Conoco was meeting the terms of its licence. Details of the proposed expansion can be seen on the Sahtu Land and Water Board's public registry. The Board will decide the next steps in the approval process based on the comments it receives. Today is the last day for the public to comment on its plans />