Update: BP Canada’s Consolidated Exploration Licence
Please see below for an update on BP Canada Consolidated Exploration Licence (EL) 2434R:
BP Canada Energy Group ULC (BP Canada) has notified the CNSOPB that it will forfeit its $1 million drilling deposit paid in 2019 and pay a further drilling deposit of $2 million to extend Period 1 for an additional year.
This additional extension period will expire on January 14, 2021.
What does this mean moving forward?