View PDF version

News Release 

FOR IMMEDIATE RELEASE

EUB ISSUES SECTION 106 DECLARATION NAMING TWO OIL EXECUTIVES

Calgary, Alberta (November 6, 2007) The Alberta Energy and Utilities Board (EUB) has issued Decision 2007-083, which names David N. Matheson and Ronald P. Bourgeois under Section 106 of the Oil and Gas Conservation Act (OGCA).

The EUB has the authority under the OGCA to issue a declaration naming persons (directors, officers, agents or other persons) in control of licensees, approval holders or working interest participants that have failed to comply with Board Orders, or which have outstanding debts to the EUB, or to the Orphan Fund with respect to incurred suspension, abandonment, and reclamation costs.

The EUB found that both Matheson and Bourgeois were in direct or indirect control of M. L. Cass Petroleum Corporation (M. L. Cass) when contraventions of EUB regulations and failures to comply occurred, and failures to pay the outstanding debt to the EUB (amounting to $237,880.78) and the Orphan Fund ($716,920.14) were incurred.

The declaration carries with it a number of conditions, including:

• The EUB may require abandonment and reclamation deposits for any company directly or indirectly controlled by Matheson or Bourgeois for licenses and approvals issued under the OGCA or the Pipeline Act.
• The EUB may refuse to consider any application from M. L. Cass, Matheson, Bourgeois, or any other company over which Matheson or Bourgeois has direct or indirect control, for an identification code, licence, or approval or a transfer of a licence or approval under the OGCA or the Pipeline Act.

This declaration is in force immediately and will remain in force until M. L. Cass has complied with the above-mentioned Board Orders, rectified its contraventions, and paid its debt owed to the EUB and to the Orphan Fund for abandonment costs, or until the EUB orders otherwise.

The EUB ensures that the discovery, development, and delivery of Alberta's resources take place in a manner that is fair, responsible, and in the public interest.

- 30 -

This news release is available on the EUB Web site at http://www.ercb.ca.

For more information, please contact:
Bob Curran
EUB Communications
Phone: 403-613-5554
Email: bob.curran@eub.ca

NR 2007-44