Placer Gold Corp.(fka PGCR)

[cayman_west]

Arctic potential is big.

A preliminary assessment by the US Geological Survey (USGS) suggests the Arctic seabed may hold as much as 25 per cent of the world’s undiscovered oil and natural gas reserves. And competition to claim parts of the Arctic seabed is likely to intensify as Arctic energy reserves become more accessible and the price for oil rises. The region could be ice-free in the month of September as early as 2040, according to a 2006 study sponsored by the US National Science Foundation and NASA.

from www.arcticoag.com