Greenland's Ban Underscores Scout's Potential
April 24 2013 - 5:00AM
Marketwired
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.
Contacts: Scout Exploration Inc. Jason Walsh
www.scoutexploration.com