Beacon Redevelopment Industrial Corporation (BCND)

[xanadu]

Agree, imo probable Westmoreland is the catch point for seepage from D's large storage site about 7 miles north. As such is a well of sorts but supposedly not extracting but capturing their own NG.

Which raises a point, if we want to drill new wells how can we be compatible with D? How can we drill down into or through their catchment to get to new sources? Adam's well written PR of 11-25, now up top as a golden post, explains his dilemma.


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.

An earlier post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33932236