NEW YORK, Dec 17, 2008 (GlobeNewswire via COMTEX News Network) -- Warren Resources, Inc. (Nasdaq:WRES) announced today that on December 16, 2008, the City of Los Angeles Harbor Area Planning Commission held a public hearing and unanimously affirmed the October 2, 2008 Decision of the City of Los Angeles Zoning Administrator, which upheld the existing 2006 Zoning Order and approved Warren's construction and operations in the Wilmington Townlot Unit ("WTU") oil field in California. The Planning Commission's ruling affirmed the Zoning Administrator's October 2008 decision that Warren has complied or substantially complied with all of the conditions in the 2006 Zoning Order and other related documents.
In announcing the Planning Commission's decision, Warren Resources Chairman and CEO, Norman Swanton, stated: "I am pleased that after an extensive review by both the Los Angeles Harbor Area Planning Commission and the Los Angeles Zoning Administrator our WTU operations are found to be in compliance with the terms and conditions of the Zoning Order. I am also very appreciative of all the continuing support the Wilmington community has shown for our project, which we believe is creating the model for urban oilfield development."
About Warren Resources
Warren Resources, Inc. is an independent energy company engaged in the exploration and development of domestic oil and natural gas reserves. Warren's activities are primarily focused on oil in the Wilmington field in California and coalbed methane properties in the Washakie Basin in Wyoming. 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.