Brownstone Energy and Operator Receive Approval To Commence Development Of Gibson Gulch, Piceance Basin, Colorado

abarrelfullabarrelfull wrote on 06 Oct 2011 05:38
Tags: brownstone upstream usa

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Brownstone Energy Inc. (TSXV: "BWN"; OTCQX: "BWSOF") ("Brownstone" or the "Company") today announces that it has been advised by the operator, Dejour Energy Inc. (NYSE AMEX: DEJ / TSX: DEJ), that they have received approval from the Bureau of Land Management ("BLM") to commence development on the jointly owned federal leases located in the Piceance Basin near Glenwood Springs, Colorado. 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.

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