From Web site. Again if they have no interests in this project anymore, they IMO should clearly not that this is not theirs anymore. They even have pictures of the CBM well site, again misleading IMO if they again have nothing to do with it anymore. Went by the way side like Building indian housing, uranium, and many other projects.
"Initial CBM Development
The Company’s plan includes a horizontal drilling method combined with a down-hole waste water disposal system perfected by Baker Hughes that will (i) dramatically decrease the gas recovery time, (ii) eliminate the need for multiple surface well heads and allow for the use of smaller, less environmentally-intrusive pumping mechanisms and (iii) eliminate waste water re-surfacing disposal problems that often accompany more conventional drilling methods. The horizontal drilling method enables a single vertical well to be drilled approximately 4,000 feet below the surface with multiple subsurface lateral wells reaching approximately 2,500 feet horizontally into the coal seams.
Permits
In October 2007, our wholly-owned subsidiary, NAEG CBM Operations, received a permit and approval to drill its first unitized well, called the Kircher Unit, consisting of 840 acres. This is the first coal bed methane gas drilling permit ever issued under the new coal bed methane drilling ordinance implemented by the Mat-Su Borough. In November 2007, the state permit application was filed and approved on February 25, 2008. We posted our oil & gas surety bond with the Mat-Su Borough immediately post approval of the drilling permit. An access road and drilling pad has already been built on the Kircher Unit well-site."
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