True North Energy Corp. (TNEN)

[alabama96]

WOW!! Look what I have found. True North Energy still holds those leases in the Cook Inlet area. The acreage they own is actually quite substantial compared to other segmented leases. This list was updated April 11, 2011 so True North still owns these areas listed. April 11 is also the day that the stock started to shoot up. This could be huge. Not only do they still own these leases, as of April 11, they have 100% working interest in those acres. If you look at the other leases almost all have partnerships with Conoco, exxon, marathon, union, or BP. Seems like the rumors are true. I bet they are about partner with Conoco or BP. This could be the reason for the updated annual list on April 5 and the amended list on the same day. Here is the link for lease activity in Alaska.

http://www.dog.dnr.alaska.gov/oil/products/publications/leaseactivity/pdf/lease_ownership.pdf

Scroll down just the half way mark. True Norths ADL numbers are 390722 and 390723. Guess this isn't a scam after all.