Grid Petroleum Corp. (GRPR.OB) Acquires Assets from Premium Natural Gas Reserve
Parts of a premium natural gas reserve in the Greater Green River Basin of the Rocky Mountains are now officially the property of Grid Petroleum Corp. The company acquired assets in SE Jonah Field, located in Wyoming. This final agreement has been signed pursuant to the Letter Of Intent (LOI) signed earlier this year. This well-defined region meets Grid Petroleum’s model of low-risk, high-impact exploration and development. The region has an incredibly high success rate for drilling and completion, and it is reported that in 2006 over 3,000 wells were drilled with a success rate of almost 98%. The Green…