BeaconEquity.com announces the publication of an article covering Northern Explorations (OTCBB: NXPN) recently acquired 63% stake in the “Ozona Gas Project” located in Texas, as well as the company’s current holdings.
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In the article the author writes:
“Northern Exploration Ltd. (OTCBB: NXPN), a natural resources exploration company, recently announced its execution of a definitive agreement to acquire a working interest in the “Ozona Gas Project” from Swiss-based Dominus Energy AG.”
Northern Explorations will pay drilling costs in exchange for a majority working interest in the project:
“The Scottsdale, Ariz.-based company reported in a recent news release it acquired a 63% working interest in the project located near Ozona in Crockett County, Texas. Per the agreement, Northern Exploration will pay 100% of the costs associated with drilling and completion of the gas wells, and in exchange the company will receive 63% working interest in the project. Details further state the company will receive 47.5% of net revenue in all natural gas production from the wells.”
To read the entire article visit http://www.beaconequity.com/m
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Source: BeaconEquity.com
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