Friday, September 3, 2010

Westmoreland County, PA : Marcellus Shale update

By Andrea:

Westmont Resources Inc. (WMNS.ob) recently announced that they have completed an agreement that will extend Westmont's reach and resources with the acquisition of 1,800 acres and 60 existing wells in the Marcellus Shale region in the southwest tier of Pennsylvania. These 1,800 lease acres are located in Westmoreland County of Western Pennsylvania. The company estimates that the value of the leases could be roughly $36 million. Westmont feels that an additional 30 wells could be drilled on the leased acreage which would increase the potential reserves for the project by an estimated $18 million.

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