Excelaron sues Calif. county over rejection of drilling plan

11/25/2012 | Tribune (San Luis Obispo, Calif.), The

San Luis Obispo County in California is facing a $6.24 billion lawsuit from Excelaron over the rejection of its oil exploration bid in Huasna Valley. The rejection is tantamount to the "regulatory taking of (its) property" without fair compensation, the company said, adding it "has suffered a complete denial of all use and value in its property."

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Tribune (San Luis Obispo, Calif.), The

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