Redwater had a LMR of .7 and no security on hand.
Hopefully the price of oil continues to rise or else this case will only be the tip of the iceberg and all these companies bellow a LMR of 1.0 start to take a look at abandoning and reclaiming assets while the times are good and they can afford to.
A tough decision to have to pick between forcing polluter pays and killing M&A activity in AB or putting abd. and reclamation costs on the OWA/crown and remaining friendly to M&A.
Licensees need to start cleaning up their ####.
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