News Column

Greenland's Ban Underscores Scout's Potential

Apr 24 2013 12:00AM



ST. JOHN'S, NEWFOUNDLAND -- (Marketwired) -- 04/24/13 -- Scout Exploration Inc. (OTCBB: SCXN) -

A recent ban in offshore drilling licenses in Arctic waters could mean new opportunity for Scout Exploration. Scout's air-deployed spill response system - capable of reaching distant offshore spills more rapidly than current methods could be a part of a balanced approach toward responsible offshore development, operation and advancing environmental protection.

The Scout airborne system deploys from standard military, civilian and coast guard aircraft to reach remote offshore spills hours or days before current ship-borne methods. As a result, operators can begin containment sooner, and limit the scale of spills and corollary environmental and economic damage.

Greenland, along with Alaska and Russia, has been at the forefront of oil company hopes to uncover an estimated 25% of the world's remaining oil and gas reserves lying under and around the Arctic ocean.

"Countries such as Greenland have acute concerns over offshore drilling. Delivery of a rapid response spill mitigation technology like Scout's could address some of those concerns," says Rene Lange, project lead engineer. "The big question now is whether other governments will follow Greenland's lead."

Scout has been working in cooperation with industry and government to advance its unmanned, remote, air-deployed spill response system to advance the project through prototype to initial sea trials.

About Scout Exploration

Scout Exploration is a publicly traded company focused on the development of innovative solutions to the challenges of offshore, shoreline and inland spill incidents for the oil and gas exploration, production and transportation sectors. Scout is publicly traded Company with shares listed on the OTCBB under the symbol SCXN.

On behalf of the Board.

Scout Exploration Inc.
Jason Walsh

Source: Marketwire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters