njjar
عضو نشط
- التسجيل
- 26 أكتوبر 2003
- المشاركات
- 59
السلام عليكم
last : 0.13
نص الخبر
IGDC's First Nation Natural Gas Field Development Moving Forward;
Initial Review... [FFMSHXX]
IGDC's First Nation Natural Gas Field Development Moving Forward;
Initial Review of Seismic Analysis Positive
SAN FRANCISCO--(Business Wire)--June 20, 2005--
Indigenous Global Development Corporation, the first
majority owned and publicly traded Native American company in the U.S.
(OTCBB:IGDC) today announced that its subsidiary company, First
Indigenous Depository Company (FIDC) completed its initial seismic
analysis of the Sweetgrass First Nation reserve lands to determine the
potential of hydrocarbon deposits and is very pleased with the
results. FIDC signed a historic contract with the Sweetgrass First
Nation to begin development of the Nation's natural gas fields and,
given the positive initial results, expects to drill test wells this
fall.
The contract is historic because it represents the first time a
Canadian First Nation will be a majority owner and developer of its
own natural resource. FIDC will provide the financing, technical
assessment and drilling expertise for this sovereign nation to
sovereign nation venture. There is a potential for natural gas revenue
of approximately $20 to $90 million per year when the final analysis
identifies the number of wells to be drilled.
The Sweetgrass First Nation encompasses 49,000 acres of Reserve
Land and over 4,100 acres of Treaty Land Entitlement lands and is
located just west of the town of North Battleford in the Province of
Saskatchewan.
"We are pleased with the results of the seismic analysis," said
Deni Leonard, Chairman of CEO, First Indigenous Depository Company.
"We have some additional work to complete but look forward to
beginning the drilling in the fall."
About Indigenous Global Development Corporation
Indigenous Global Development Corporation (IGDC) is the first
majority owned publicly traded Native American corporation. IGDC's
goal is to provide strategy, financial and investment tools to deliver
economic development, empowerment and financial self-sufficiency for
Native Americans across the U.S. and for indigenous people worldwide.
Investment financing, tribal energy creation and pharmaceutical
development for Native American communities are its primary tools to
create positive change in Indian Country. Its parent company is United
Native Depository Corporation. You can find more information about
Indigenous Global and First Indigenous Depository Company at
www.igdc1.com and at www.fidc1.com
تحياتي
last : 0.13
نص الخبر
IGDC's First Nation Natural Gas Field Development Moving Forward;
Initial Review... [FFMSHXX]
IGDC's First Nation Natural Gas Field Development Moving Forward;
Initial Review of Seismic Analysis Positive
SAN FRANCISCO--(Business Wire)--June 20, 2005--
Indigenous Global Development Corporation, the first
majority owned and publicly traded Native American company in the U.S.
(OTCBB:IGDC) today announced that its subsidiary company, First
Indigenous Depository Company (FIDC) completed its initial seismic
analysis of the Sweetgrass First Nation reserve lands to determine the
potential of hydrocarbon deposits and is very pleased with the
results. FIDC signed a historic contract with the Sweetgrass First
Nation to begin development of the Nation's natural gas fields and,
given the positive initial results, expects to drill test wells this
fall.
The contract is historic because it represents the first time a
Canadian First Nation will be a majority owner and developer of its
own natural resource. FIDC will provide the financing, technical
assessment and drilling expertise for this sovereign nation to
sovereign nation venture. There is a potential for natural gas revenue
of approximately $20 to $90 million per year when the final analysis
identifies the number of wells to be drilled.
The Sweetgrass First Nation encompasses 49,000 acres of Reserve
Land and over 4,100 acres of Treaty Land Entitlement lands and is
located just west of the town of North Battleford in the Province of
Saskatchewan.
"We are pleased with the results of the seismic analysis," said
Deni Leonard, Chairman of CEO, First Indigenous Depository Company.
"We have some additional work to complete but look forward to
beginning the drilling in the fall."
About Indigenous Global Development Corporation
Indigenous Global Development Corporation (IGDC) is the first
majority owned publicly traded Native American corporation. IGDC's
goal is to provide strategy, financial and investment tools to deliver
economic development, empowerment and financial self-sufficiency for
Native Americans across the U.S. and for indigenous people worldwide.
Investment financing, tribal energy creation and pharmaceutical
development for Native American communities are its primary tools to
create positive change in Indian Country. Its parent company is United
Native Depository Corporation. You can find more information about
Indigenous Global and First Indigenous Depository Company at
www.igdc1.com and at www.fidc1.com
تحياتي