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Coalspur Mines Ltd reaches agreement with Tourmaline Oil Corp ahead of Alberta energy regulator hearing

Monday, 9 Dec 2013 06:14pm EST 

Coalspur Mines Ltd:Says that it has entered into an agreement with Tourmaline Oil Corp, one of the remaining two parties granted intervener status by the Alberta Energy Regulator (AER).Says as a result, Tourmaline has withdrawn as an intervener in relation to Coalspur's Vista project and the portion of the AER hearing that commenced on Dec. 9, was closed shortly after it started, without the submission of any evidence.Says Coalspur and Tourmaline Oil Corp have concluded an agreement in relation to overlapping mineral development rights involving the Vista project.Says the agreement provides Coalspur with the ability to develop Vista in accordance with its current development plans.Says as part of this agreement, Tourmaline has withdrawn as an intervener in the Alberta EnergyRegulator's approval process.Says only one intervener, Alexis Nakota Sioux Nation, remains involved in the regulatory process forVista and negotiations to address their concerns are continuing. 

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