StockGuru Blog: Northamerican Energy Group – Due Diligence for New Leases!
NNYG — Northamerican Energy Group Corp. Stock Guru Profile Northamerican Energy is in process of performing its due diligence on Penergy’s New Mexico leases to enable them to engage a major drilling, or production company, to assist Northamerican’s efforts to properly capitalize upon the opportunity their leases will provide. Just a reminder: Northamerican Energy Group Corporation executed exclusive option with Penergy, of Midland, Texas, to purchase the leases on 1920 acres in New Mexico that encompasses 30 existing wells originally drilled by Tenneco into shallow (under 3000′) reservoirs. Northamerican Energy’s Director of Field Operations, John Wilshusen, is overseeing this process…