NEW YORK, Sep 7, 2007 (PrimeNewswire via COMTEX News Network) -- Warren Resources, Inc. (Nasdaq:WRES) announced today that on September 5, 2007, the Interior Board of Land Appeals ("IBLA") issued an order denying the petitions for stay in the appeals to the IBLA filed by the Biodiversity Conservation Alliance and the Theodore Roosevelt Conservation Partnership. The petitions for stay requested that all drilling and development activities authorized by the Record of Decision of the Final Environmental Impact Statement ("FEIS") for the Atlantic Rim Natural Gas Development Project issued by the Bureau of Land Management ("BLM") in May 2007 be stayed and cease during the pendency of the appeals. In June 2007, four separate groups of environmentalists appealed the BLM's approval of the FEIS with two of the appeals including requests for a stay of drilling activities. The IBLA denied both petitions for stay, and held that the two environmental groups failed to show that they were likely to succeed on the merits of their arguments and claims.
Norman F. Swanton, Chairman and Chief Executive Officer of Warren, commented, "We are very pleased with this decision as it is another important step in clearing the way to full-scale development of our property. Warren is therefore proceeding with its previously announced drilling plans in the Atlantic Rim."
About Warren Resources
Warren Resources, Inc. is a growing independent energy company engaged in the exploration and development of domestic natural gas and oil reserves. Warren is primarily focused on its coalbed methane properties located in the Washakie Basin in the Rocky Mountain region of Wyoming and its water flood oil recovery programs in the Los Angeles Basin of California. The Company is headquartered in New York, New York, and its exploration and development subsidiary, Warren E&P, Inc., has offices in Casper, Wyoming and Long Beach, California.
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SOURCE: Warren Resources, Inc.
Warren Resources, Inc.