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PENN WEST PETROLEUM LTD. T.PWE


Primary Symbol: T.PWT

"Penn West Petroleum, based in Calgary, Alberta, is an independent Canadian energy company focused on the exploration and production of oil and natural gas resources in Saskatchewan, Alberta, and British Columbia. At the end of 2015, the company reported proven reserves before royalties of 208 million barrels of oil equivalent. Daily production averaged 86,000 barrels of oil equivalent in 2015, at a ratio of 69% oil/31% gas."


TSX:PWT - Post by User

Bullboard Posts
Post by miningboomon Aug 08, 2017 10:30am
278 Views
Post# 26555885

NRC Files Motion to Resolve Final Remaining Contentions

NRC Files Motion to Resolve Final Remaining Contentions

GREENWOOD VILLAGE, COLORADO--(Marketwired - Aug. 8, 2017) - AZARGA URANIUM CORP. (TSX:AZZ)(FRANKFURT:P8AA)(OTC PINK:PWURF) ("Azarga Uranium" or the "Company") has received notice that the United States Nuclear Regulatory Commission (the "NRC") has filed a motion for summary disposition before the Atomic Safety and Licensing Board (the "ASLB") to resolve the remaining two contentions from the ASLB's 30 April 2015 partial initial decision, which relate to the identification and protection of historic and cultural resources for the Company's Dewey Burdock In-Situ Recovery Uranium Project (the "Dewey Burdock Project") NRC License.

The ASLB retained jurisdiction of the two contentions pertaining to the identification and protection of historic and cultural resources and requested additional consultation between the NRC staff and the Oglala Sioux Tribe to resolve these contentions. The NRC staff believes that they have now fulfilled their remaining responsibilities with respect to the two contentions and that the ASLB should grant the motion for summary disposition and resolve the remaining two contentions in favor of the NRC staff and the Company.

"The Company believes that the NRC staff has fully complied with the ASLB's partial initial decision and plans to fully support the NRC staff's position. The Company facilitated the consultation process to the fullest extent possible, in conjunction with the efforts made by the NRC staff. The Company's NRC License for the Dewey Burdock Project continues to remain in good standing and the Company believes that the summary disposition motion to resolve the remaining two contentions in favor of the NRC staff and the Company will be successful," said Blake Steele, President of the Company.

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