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Article: New Sage Energy Initiates Strategy Into US Gulf Region.
- Article from:
- Marketwire Canada
- Article date:
- October 15, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Oct 15, 2009 (Marketwire via COMTEX) -- New Sage Energy Corp. (TSX VENTURE:NSG), has initiated a strategy for the development of oil and gas projects in the US Gulf States region. The strategy is focused on "work-over" projects in areas with known historic producing formations and excellent existing infrastructure in Louisiana, Texas, and Alabama.
New Sage, through its wholly-owned subsidiary New Sage Energy USA Inc., has recently entered into an operating agreement with respect to an oil and natural gas well being drilled by Gulf South Operators Inc. of New Orleans, Louisiana. The well is targeted to reach a depth of 10,700 feet and is located ...