Friday, November 16, 2012

Natural Gas Stock Trading Alert; Liard Basin Stock EFL OVERSEAS (OTCBB: EFLO) Gains over 10%

New York, NY, Point Roberts, WA - November 16, 2012 ( energy newswire), 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. Newswire 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:
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.
SEC filings: Newswire Seeking Alpha article : An 'Off The Radar' Way To Play The Coming West Coast LNG Boom .
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