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Brownstone Energy Receive Approval to Commence Development of Gibson Gulch, Piceance Basin, Colorado
Oct. 04, 2011 02:55PM PST
Oil and Gas InvestingBrownstone 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.
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