After a thorough review of the current situation in Aliso Canyon, its potential effect on the community of Porter Ranch, the current economics of oil production and after discussions with the Porter Ranch Neighborhood Council and local decision makers, The Termo Company (Termo) has decided to postpone the release of the Public Draft Environmental Impact Report (DEIR) for the North Aliso Canyon Project.

Termo intends to resume the process sometime in the future as we recognize the fact that this is not the ideal time to move forward with the Porter Ranch community fully focused on more immediate issues. We look forward to that time when Termo can fully re-engage with the community on the DEIR in a process that allows for full and focused involvement of the residents, stakeholders, and governmental agencies.