Native American Energy Group Inc. (fka NAGP)

[Rhubarb]

Alaska Renewable Energy Fund: Round I (Jan-09)
79 Palmer Coal Bed Methane CHP Construction
Alaska Green Energy, LLC
Construction
Proposer:
Proposed Project Phase:
App #
Resource: Other
AEA Program Manager: Applicant Type: Other
It was our understanding that HB 152 does not provide funding for CBM projects unless other alternate forms of energy are not available.
Nevertheless, CBM potential at the proposed test site in Palmer is unknown at this time. There is a reasonable chance that methane will be
produced, but ultimate permeability and saturation are unknown, and close monitoring with long-term tests will be required to
substantiate the existence of a sustainable resource. Component 2 should not be funded until that resource has been identified and proven
sustainable. Component 3 of the project description sites that 38 communities were identified by State and Federal agencies has having
CBM potential. This list was generated by DGGS, USGS, and BLM in the early 1990s and very general. The authors of this proposal were
told in a meeting in Fairbanks with DGGS personnel (October 2008) that the potential in many of these 38 communities has been
discounted or significantly reduced. Only very few communities are now thought to maintain reasonable CBM potential and the State is in
the process of better quantifying that potential across the state. Based on work already being performed by the state, and the fact the data
justifying component 3 of the proposal is outdated and in the process of being replaced, DGGS recommends that component 3 of this
proposal not be funded.
Palmer project will require a number of drilling permits and produced fluids permits from AOGCC, DEC and possibly the Div. of Oil &
Gas.
DNR/DGGS Geohazards Comments
DNR/DGGS Feasibility Comments
DNR/DMLW Feasibility Comments


But im sure Raj n Joe can put a nice spin on that....

We would just like to know who is "Alaska Green eneregy"

Since they are applying for funding for the Palmer project

and also, on their site they claim to be parent company of "NAE"

Or "New Alaska Energy",....

http://www.petroleumnews.com/pntruncate/982119942.shtml

Still chasing asset sale

Pacific Energy substitutes New Alaska Energy as winning bidder for Cook Inlet properties

According to Petroleum News sources, the bankruptcy judge early in the week of Aug. 3 gave New Alaska Energy a week to come up with solid financing to cover its bid and to prove it can operate the Pacific Energy properties.

So really, all we'we gotten from managment is more questions and no answers

And a complete lack of transparency

CAN You Shed any Light on any of this?

Happy New Years, Again....