Norse Energy: We’re Still Here, We Still Need Money & We Have Gas
In a pair of press releases issued yesterday, the now bankrupt Norse Energy Corp. wanted to let the market know “we’re still here, we’re still looking for investors, and we’re still hanging on by a thread hoping that New York allows us to start drilling any time now.” That’s about the sum total of what was said.
If New York does begin to issue shale drilling permits (a really big “if”), Norse is likely to be one of the first companies to receive permission to drill because they are one of the first companies to file permit applications for drilling in the Marcellus/Utica in New York.
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This is without a doubt the most difficult article MDN has had to author—on many levels. Yesterday, New York’s Commissioner of the Dept. of Environmental Conservation (DEC), Joe Martens, announced he would not release the Supplemental Generic Environmental Impact Statement (SGEIS) today, Feb. 13, because of a delay he’s blaming on the state health department. We previously reported that if the SGEIS was not released today, final regulations would not be adopted by Feb. 27 to allow fracking to move forward. In a statement yesterday, Martens
We won’t keep you in suspense. Run!—don’t walk—to attend a screening, watch on cable television or purchase a DVD of the new documentary FrackNation. This is hands down the most important documentary on an environmental topic made in the last decade or more. It exposes the fabrications found in the documentary Gasland, and tells the truth about what MDN calls the miracle of hydraulic fracturing.