DALLAS-(BUSINESS WIRE)-Breitling Energy (OTCBB: BECC) was selected as the 2014 Best Exploration and Production Company for North America by World Finance, a bi-monthly leading financial magazine produced by World News Media, headquartered in London.
“Life cycle environmental impacts of UK shale gas”
The award comes amidst what Breitling Energy’s CEO, Chris Faulkner termed an “interesting year” for the company in the U.K. Faulkner, an outspoken advocate of energy independence through hydraulic fracture stimulation of shale rock formations to release trapped oil and gas, has been encouraging that England could possibly replicate the United States revolution in natural gas production.
In February, Faulkner placed an ad in the Sunday Telegraph stating 6 main points why the UK could benefit from fracking British shale for gas. In early September, the Advertising Standards Authority (ASA), a private influential advertising monitoring council, said the claims must not appear again in their current form and in the future should insure to have “robust documentary evidence in support of claims likely to be regarded as objective.”
Three weeks later, the University of Manchester, a major and highly regarded research institution, released a paper entitled “Life cycle environmental impacts of UK shale gas,” published in Applied Energy, indicating that the U.K. had an estimated 470 years of extractable natural gas supply locked up in its rich shale formations and substantiated many of the points outlined in Faulkner’s ad. The paper said there was enough gas to “end its (Britain’s) reliance on fossil-fuel imports from unstable markets.”
“We only missed our projections by about 400 years,” Faulkner said jokingly. “The ASA was incredibly biased against fracking in their opinion and the Manchester study only reiterated that. Now, I’m thrilled to have the readers and judges of World Finance recognize that we are only trying to help England envision the potential of this and what it could mean for their children and grandchildren. The information we provided was from numerous unbiased studies, academic reports and stories in the British press. The University of Manchester report just blew the ASA’s thesis out the window, and it appears the judges recognized that. I’m especially honored by the recognition.”
Since 2007, World Finance has been celebrating achievement, innovation and brilliance in their annual awards. The publication’s judging panel boasts over 230 years of combined financial and business journalism, supported by a research team that works round the clock to ensure the award winners are the most deserving in their sector. The award programs are tailored to provide a comprehensive analysis of the very best in each market, according to the World Finance website.
Finalists are selected in twelve categories covering 7 regions including Africa, Asia, Eastern & Western Europe, Latin America, the Middle East and North America.
ABOUT BREITLING ENERGY
Breitling Energy Corporation is a growing U.S. energy company based in Dallas engaged in the exploration and development of high-probability, lower risk onshore oil and gas properties. The company’s dual-focused growth strategy primarily relies on leveraging management’s technical and operations expertise to grow through the drill-bit, while also growing its base of non-operating royalty interests. Breitling’s oil and gas operations are focused primarily in the Permian Basin of Texas and the Mississippi oil window of southern Kansas, with non-operating investments in Texas, North Dakota, Oklahoma and Mississippi. Breitling Energy Corporation is traded over the counter under the ticker symbol: BECC. Additional information is available at www.breitlingenergy.com.
Thomas Miller, 214-716-2600
VP of Communications