Ptarmigan Energy’s Western NL exploration Licence 1120 Extended to 2019

On November 1, 2016, the Canada-Newfoundland and Labrador Offshore Petroleum Board advised that it would extend Period I of Exploration Licence (EL ) 1120  to January 14, 2019, subject to the filing of an amended Drilling Deposit and Security Deposit for this extended period. The licence is located off Newfoundland’s west coast. These were Fundamental Decisions of the Board under the Atlantic Accord Acts that have received approvals from the federal and provincial Ministers of Natural Resources.