True North Energy Corp. (TNEN)

[fazoolius]

Caught this update while surfing:

"Savant Alaska LLC with partner Truth North Energy Corp. have procured necessary rigging equipment for a first quarter 2008 drill program on the estimated 100 million barrel Kupcake Prospect in the Beaufort Sea. The Kupcake well site is in 14 feet of water about three miles offshore in Foggy Island Bay, approximately 8,000 feet west of British Petroleum’s Liberty No. 1 discovery well. BP has pegged Liberty’s recoverable oil at between 120-130 million barrels and is currently moving toward field development."

Link: http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20070910005624&newsLang=en

-faz