Brownstone Energy Receive Approval to Commence Development of Gibson Gulch, Piceance Basin, Colorado

Brownstone Energy Inc. (TSXV:BWN,OTCQX:BWSOF) has been advised by the operator, Dejour Energy Inc. (AMEX:DEJ,TSX:DEJ), that it has received approval from the Bureau of Land Management to start development on on the Piceance Basin near Glenwood Springs, Colorado.

As quoted in the press release:

The permits received today allow them to prepare access roads, construct a drilling pad and drill the first four of a proposed eight well first phase development of this liquid-rich gas project. Brownstone has a 28% interest in these federal leases.

Click here to read the Brownstone Energy Inc. (TSXV:BWN,OTCQX:BWSOF) press release