NEWS BULLETIN

September 23, 2010 --- Vol. 16, No. 84September 2010

Escopeta appeals Kitchen Lights default decision

Escopeta Oil is appealing the State of Alaskaís decision to put the Kitchen Lights unit in default.

In paperwork filed on Sept. 17, the Houston-based independent challenged the conditions that the Alaska Department of Natural Resources set out in July for Escopeta to retain ownership of the offshore Cook Inlet unit. Escopeta believes those conditions are beyond the stateís authority, and donít serve the best interest of the public or the company.

Escopeta wants the Alaska Superior Court to remand the case back to DNR for a fresh hearing, and take the Kitchen Lights unit out of default until the matter is resolved.

The state said it could not discuss the appeal, as it is an ongoing legal matter.

See full story in the Sept. 26 issue of Petroleum News, available to subscribers online at noon, Friday, Sept. 24 at www.PetroleumNews.com


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