Message #31 From:
NewsBot Date: November 8, 2007 09:03:52 PM
Torrent Energy Secures Draft Water Discharge Permit, Takes Key Step Toward Coos Bay CBM Production
Torrent Energy Corporation (the "Company")
(OTCBB: TREN) today announced it has secured preliminary approval of a much
anticipated water disposal plan permit for its coal-bed methane natural gas
project in Coos Bay, Oregon. The approval came in the form of a draft
version National Pollutant Discharge Elimination System Waste Discharge
Permit issued by Oregon State's Department of Environmental Quality (DEQ).
This water disposal plan approval marks a bellwether event and is another
critical milestone reached. It allows the Company to move forward on its
stated mission of moving the Coos Bay field from the development stage into
the commercial production stage. The final permit is scheduled to be
completed and issued to Torrent Energy in early November 2007, following a
40-day public comment period. The permit is the first of its kind to be
issued by the State of Oregon for a CBM project and involved five levels of
government and numerous phases of regulatory compliance.
"The environmentally sound disposal of by-product waste water during gas
production is a critical and very necessary part of coal-bed methane
extraction," stated Torrent's president and CEO, John Carlson. "Having an
effective, low-cost water management and disposal system in place is key to
a successful coal-bed methane (CBM) project and this approval represents
months of research, testing and reporting, expertly shepherded by Methane
Energy's Environmental Manager, Peggy Halferty (PE). The issuance of this
permit provides us the ability to implement a cost-effective water disposal
system which is a critical element to the future economic development of
this resource."
Carlson further stated "Torrent is committed to environmental sensitivity.
Developing a sustainable water management system was of utmost importance
in staying true to our corporate values. Throughout the course of this
project, we have worked cooperatively with Coos County residents and
regulatory agencies to achieve positive outcomes for all concerned. Coming
up with a desirable water treatment and disposal plan was no exception."
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing on
developing non-conventional natural gas reserves in the Northwestern United
States. The Company's primary objective is to create value for stakeholders
by applying strong technical expertise to projects. The current focus of
the Company's Oregon subsidiary, Methane Energy Corp., is on the
exploration of the Coos Bay Basin project in southwestern Oregon where the
Company currently has a land portfolio that includes over 118,000 acres of
prospective land. For more information please visit www.torrentenergy.com.
