Sept 29 Petrobank Energy and Resources Ltd
said it will suspend operations at the Conklin facility
in Alberta until it finalizes plans to either integrate it into
its larger May River operations or abandon it.
The Calgary-based oil and natural gas explorer said the
energy regulatory hearing of its application for Phase 1 of the
May River project in Alberta is scheduled for March 6, 2012.
It has suspended air injection at the Conklin demonstration
project after completing wet combustion test at the site, the
company said in a statement.
Petrobank, which has a 59 percent stake in PetroBakken
Energy , said suspension of its Conklin operations will
not impact its May River development plans.
In June, the company said proved and probable reserves at
May River were at 90.6 million barrels.
Petrobank shares closed at C$8.25 on Wednesday on the
Toronto Stock Exchange.
(Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by