ACQUISITION OF GAS PIPELINE - CHAUTAUQUA COUNTY, NEW YORK
At least 34 wells shut in waiting action for pipeline repairs can be bought back on line. Some of these wells have been shut in for over 3 years.
Revenue should be about $30 million for 2013 plus the potential of added producing licences this year
Current total combined 2P reserves are estimated at 14.8 million Boe.
It appears a major fund shareholder is selling down their holding and this selling pressure and the market conditions has decimated the current shareprice
