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Stock impact report

Seismic surveys of U.S. Arctic refuge coastal plain delayed 5:14am EST [Reuters]

SAEXPLORATION HOLDINGS (SAEX) 
US:NASDAQ Investor Relations: investors.saexploration.com
Company Research Source: Reuters
Seismic surveys of U.S. Arctic refuge coastal plain delayed | Reuters 3 Min Read ANCHORAGE, Alaska (Reuters) - There will be no seismic exploration this winter on the coastal plain of the Arctic National Wildlife Refuge, the Interior Department said on Friday, after the company seeking permission to conduct the tests ran out of time to get the required permit. “We can confirm that seismic surveys will not take place until December 2019,” said Alex Hinson, U.S. Department of the Interior spokesman, in an email. The company applying for the permits, SAExploration, had applied for a start date as early as December 2018 for seismic testing as a precursor to drill in the ANWR, which has been off-limits to drillers for decades. The application remains active, but will be altered. “The applicant has asked us to amend both permits to reflect a December 2019 start date, and it should be coming out in the coming weeks,” Hinson said. Congress opened up the Arctic territory for oil leasing as par Show less Read more
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