The company said it expects to sign contracts with the rig supplier and other services without delay
US Oil & Gas PLC (LON:USOP) told investors that the Bureau of Land Management has approved the necessary Permit to Drill for the proposed Eblana-9 well, at the Hot Creek Valley project in Nevada.
Groundwork to prepare the well site for drilling will kick off immediately and it is slated to take three days to complete, the group added.
Meanwhile, the company said it expects to sign contracts with the rig supplier and other services without delay.
“Details of rig mobilisation and the drilling schedule will be announced soon thereafter, subject to Nevada Division of Minerals approval, which is expected shortly,” the company said in a statement. “All operations will be conducted with regard to Covid-19 precautions.”
The legal challenge was brought by a nearby resident and is supported by the campaign organisation ‘Weald Action Group’ which argues that the environmental assessment used as part of Surrey County Council’s decision-making process for the proposed oil development “should have considered the full climate impacts in the context of the current climate emergency.”