Beacon Redevelopment Industrial Corporation (BCND)

[GBRO]

Found this old PR that shows the potential here..........

Beacon Redevelopment Industrial Corporation Reviews Initial Consultation Regarding its Natural Gas Rights and Reserves
Date : 11/25/2008 @ 1:06AM
Source : PR Newswire (US)
Stock : (BCND)
Quote : 0.0018 -0.0027 (-60.00%) @ 11:17AM
Beacon Redevelopment Industrial Corporation Reviews Initial Consultation Regarding its Natural Gas Rights and Reserves
Print
Alert
Beacon Redevelopment Industrial Corp. (PL) (USOTC:BCND)
Historical Stock Chart
5 Years : From Feb 2010 to Feb 2015

Click Here for more Beacon Redevelopment Industrial Corp. (PL) Charts.
NORTH HUNTINGDON, Pa., Nov. 25 /PRNewswire-FirstCall/ -- Beacon Redevelopment Industrial Corporation (Pink Sheets: BCND) today has reviewed a summary of its initial consultation regarding its natural gas rights of its Westmoreland property. Beacon, along with its geological consultants, are continuing the evaluation of the company's resources at that location. The initial review revealed that it appears there may be a more feasible way to install modern gas well operations on the Westmoreland Glass Factory site in Grapeville, Pennsylvania, using the newer horizontal drilling and withdrawal technique method to access the Marcellus Shale formation. Per the company and its consultants, it appears that Beacon is in a position to extract between 1.5 and 4 MMcf. (1500-4000 Mcf.) per day. The company's immediate response is to determine the extent that Dominion Resources, Inc., will continue to use Beacon's property as a gas storage facility. The company will decide, after further review by its consultants, whether to allow Dominion Resources to use its natural gas well and/or storage facility, or if Beacon's own energy extraction projects would be impeded in a sharing arrangement. Once this issue is reviewed, the company can and will immediately begin moving forward with its operational process either with Dominion or on its own, by applying for the necessary drilling permits. "Beacon's consultants believe that the company can either accommodate Dominion Resources' needs or maintain and operate our own gas wells/storage facilities on the property. We do not plan to allow Dominion to continue future extractions of natural gas resources from our property, however we are willing to continue negotiations to allow their continued operations if lucrative to the company and providing it will not interfere with our plans to access the natural gas reserves in the Marcellus Shale," said Adam Marek, President of Beacon Energy Corporation. DATASOURCE: Beacon Redevelopment Industrial Corporation CONTACT: Adam Marek for Beacon Redevelopment Industrial Corporation, [phone], Web Site: http://www.beaconredevelopment.com/
Copyright