Curtis Hartzler has resigned from his position as president and CEO of Blacksteel Energy Inc. (TSXV: BEY) as a result of other commitments.
Hartzler will continue to serve as a director of the corporation. Les Treitz has agreed to assume the role of president and CEO on an interim basis.
Blacksteel also received, by its industry partner, a well license to drill the Elkton 16-26-27-1 W5M well. Participation by Blacksteel as a farm-in partner on this well was announced previously by the corporation, but receipt of the well license had been delayed when objection to drilling of the well was filed by TransCanada Pipelines Ltd., CrossAlta Gas Storage & Services Ltd., and TransCanada Energy Ltd., the owners of the Crossfield Gas Storage facility, due to a concern over proximity of the well to their gas storage facility.
This objection created a one year delay in receipt of the well license and necessitated the requirement for a hearing process by Blacksteel's industry partner before the Alberta Energy Regulator.
Following the announcement of the Alberta Energy Regulator findings on July 24 and the subsequent issuance of the well license, a drilling rig was contracted, the surface lease was prepared and the well was spuded on Aug. 16.
Blacksteel Energy Inc. is an independent energy company engaged in the exploration, development, and production of petroleum and natural gas resources in the Western Canadian Sedimentary Basin. The company is based in Calgary.