Squatex dissociates itself from QOGA-supported lawsuit
SQUATEX ENERGY and Resources Inc. is dissociating itself from the alleged legal actions recently taken against the government of Quebec concerning the regulation of hydrocarbons.
It was publicly stated that this lawsuit was made on behalf of Quebec’s oil and gas companies, and that it was supported by the Quebec Oil and Gas Association (QOGA). However, it should be noted that Squatex Energy and Resources is not part of the QOGA and has never been consulted. Squatex Energy and Resources dissociates itself from the aforementioned support for the prosecution.
Let a chance to the new government
The new Quebec government has just taken office and it is normal for its members, and particularly the Minister of Energy and Natural Resources, to take the time to get to know its many files and to position themselves on various societal issues, including the exploration and exploitation of hydrocarbons.
The management of Squatex Energy and Resources means to the government of Quebec, the municipalities and the citizens that it intends to continue working with its stakeholders, as well as the various levels of government, to implement projects that are part of a reasonable, structuring and sustainable management of Quebec’s oil and gas resources.
To this end, Squatex Energy and Resources will soon be asking for a meeting with the Minister of Energy and Natural Resources to discuss issues related to the oil and gas sector, and, in particular, to review certain regulations presented in June, 2018, by former Minister Moreau which seem inappropriate and deserve to be re-examined and modified.
Squatex Energy and Resources’ vision
Squatex Energy and Resources’ management firmly believes that it is imperative that the development of hydrocarbons in Quebec be done in accordance with the culture and traditions of Quebec, particularly in terms of consultation and social dialogue.
Indeed, this tradition of dialogue, rooted in the history of Quebec, has demonstrated that it allows the establishment of sustainable national objectives and consistent plans for government action.
About Squatex Energy and Resources Inc.
The main ac tiv ity of Squatex Energy and Resources is, as operator, to carry out works and studies aiming at the evaluation and the full development of the oil and gas potential of a territory of 656,093 hectares under exploration licence (70 per cent net). Squatex Energy and Resources holds 224,933 hectares of exploration permits in the St. Lawrence Lowlands and 431,160 hectares of permits in the Lower St. Lawrence region.
We seek Safe Harbor.
Jean Claude Caron, Rene Guimond, Rene Lamarche, Mario Levesque, Steve Surveyer
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