Company Plans to Sue over Cancellation of Fracking License

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Company Plans to Sue over Cancellation of Fracking LicenseA company with plans to conduct shale gas drilling in County Fermanagh in Northern Ireland has disclosed that it plans to file a lawsuit challenging the cancellation of its exploration license. Tamboran intends to employ hydraulic fracturing, or more commonly fracking, in order to extract the resource.

Tamboran was awarded the petroleum license in 2011 and given a three-year window to notify the Department of Enterprise, Trade and Investment (DETI) on whether it plans to drill or abandon the project altogether. The deadline expired on Tuesday, with no extension granted, reported BBC News.

The company’s lawyers plan to seek judicial reviews of both Environment Minister Mark H Durkan’s refusal to grant it permission to sink a borehole in its Belcoo site, as well as the decision by Stormont Enterprise Minister Alerne Foster not to extend its petroleum license.

According to the terms of its license, Tamboran was required to evaluate rock samples from its wells and conduct an environment assessment within three years. DETI extended the period by six months in March until Sept. 30 for Tamboran to finish its first phase of its work program. However, Forster refused to extend the deadline, saying she didn’t think the company will finish the program.

“There has been much engagement with Tamboran and we have assessed that they have not completed their work plan in terms of the licence and, therefore, we will not be extending it any further,” said Mrs. Forster.

In response, the Sinn Fein political party said that Forster’s decision wasn’t motivated by opposition to fracking, but rather due to timing factors. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Jonathan Millet at john@forexminute.com