StockGuru News: Northamerican Energy to Acquire Additional Leases
Northamerican Energy to Acquire Additional Leases Northamerican Energy Group Corp. (OTC: NNYG) HOUSTON, Nov. 8, 2006 (PRIMEZONE) — Northamerican Energy Group Corporation (Other OTC:NNYG.PK - News) announced today that it has reached an understanding to acquire and assume additional leases in the Permian Basin as part of an overall agreement with a company that works closely with Northamerican on its current lease holdings. These properties contain a number of inactive gas and oil wells in shallow (1500′-4300′) oil and gas fields located on non-contiguous acreage and leases in Pecos County, Texas. These properties are in a mature, existing field, and…