Category: Investment, Energy, Oil, Gas, Natural Gas
Natural Gas Stock Trading Alert; Liard Basin Stock EFL OVERSEAS (OTCBB: EFLO) Gains over 10%
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Visit: EFL Overseas Inc.
New York, NY, Point Roberts, WA - November 16, 2012 (Investorideas.com energy newswire) Investorideas.com, a leader in sector research for independent investors issues a natural gas stock trading alert for Liard Basin stock EFL Overseas Inc. (OTCBB: EFLO). The stock is trading up at $2.27, gaining 0.22 or 10.73% as of 12:15PM EST.
The Company recently announced its acquisition of additional rights and interests in the Liard basin gas field and facilities located in the Kotaneelee Area, Yukon Territory.
EFLO acquired a 30.664% interest in the Assets from Nahanni Energy Inc. and certain of its wholly owned subsidiaries ("Nahanni"). The Nahanni purchase follows EFLO's earlier acquisition of Devon Canada's interest (generally a working interest of 22.989%, with a working interest of 69.337% in one gas well) in the Assets. Upon closing the Nahanni purchase, EFLO became the largest interest holder in the Kotaneelee with a general interest of 53.67% and a working interest of 100% in one gas well. The Assets include 30,188 acres of land, a gas dehydration plant (capacity: 70 million cubic feet per day ("MMCFD")), one water disposal well (capacity: 6,000 barrels per day), one well temporarily shut-in for plant maintenance and two suspended gas wells, flarestack, storage tanks, airstrip, roads, gathering systems, geological data, equipment, and other transportation and camp infrastructure.
Full news: http://www.investorideas.com/news/2012/main/10241.asp
EFLO Energy (OTCBB:EFLO) is engaged in natural gas exploration and production in the Kotaneelee Gas Project, located in the Liard Basin of south-eastern Yukon.
The Kotaneelee gas field, with its important conventional and unconventional resource development opportunities, combined with a 70 MMCFD underutilized gas plant and infrastructure, provide EFLO's operations significant scale and upside.http://www.efloenergy.com/
SEC filings: http://finance.yahoo.com/q/sec?s=EFLO+SEC+Filings
Seeking Alpha article : An 'Off The Radar' Way To Play The Coming West Coast LNG Boom .http://seekingalpha.com/article/951741-an-off-the-radar-way-to-play-the-coming-west-coast-lng-boom?source=yahoo
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