Rns 8april15 Apr 2019 12:17
The well permits are required to re-stimulate the existing wells with low volume hydraulic stimulation and we continue to hope that this permit is awarded without further unnecessary delay as the process is well understood and carries no significant risk to the environment according to third party experts.
· There is a long history of Oil and Gas production at the Petišovci field since the 1940s with over 160 wells drilled. Low volume hydraulic stimulation has been carried out on at least 50 wells since 1956 without incident.
· The process is commonplace across the region and is specifically permitted under EU Regulation.
· There was an Environmental Impact Assessment carried out by the Geological Survey of Slovenia in 2012 after Pg-10 and Pg-11A were drilled which concluded there was no significant environmental risk.
· During the current preliminary screening application process, six independent government bodies were consulted by ARSO and all six concluded that the process carried no significant environmental risk.