Decision 2010 Election Coverage
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7:00 PM

General Series "Through a Dog's Eyes"

GENERAL SERIES

Through a Dog's Eyes

This documentary explores the human-canine bond through the moving stories of service dogs and the people whose lives they change.

8:00 PM

Latin Music USA "Bridges"

LATIN MUSIC USA

Bridges

The first hour traces the rise of Latin jazz and the explosion of the mambo and the cha-cha as they swept the U.S. from East to West and looks at how Latin music infiltrated rhythm and blues and rock ‘n’ roll through the 1960s.

 

Nextraction acquires additional 1,023 acres in Pinedale

Nextraction acquires additional 1,023 acres in Pinedale

Tuesday, July 13, 2010

By Business Report Staff


VANCOUVER, British Columbia — Nextraction Energy Corporation and its wholly-owned subsidiary, Nextraction Energy (US) Inc. have acquired an additional 1,023-acre leasehold in the northern region of the Pinedale Anticline, according to a company press release.

The leasehold area lies within two miles of Nextraction's recently completed Noble 6-24 well. Nextraction acquired the leasehold for $40 per net mineral acre, for a five-year term. With this acquisition, Nextraction now owns the rights to develop 3,574 acres in the North Pinedale Anticline region.

Nextraction also has acquired the leasehold rights to a 60 percent interest to 360 acres contiguous to its current acreage position. The lease will become effective within 90 days and upon obtaining clear title.

"Recently we completed the Noble No. 6-24 well and extended production on the Pinedale Anticline to the north,” said Mark S. Dolar, president and CEO. “We are optimistic about the opportunity to continue development along the northern crest of this prolific region."

"Adding to our leasehold shows our commitment to the Pinedale project and the development of the assets, which we believe to be highly prospective and potentially valuable to the growth of the company."

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