Beacon Redevelopment Industrial Corp (BCND)

[bobky]

remember this?-- 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.