Northamerican Energy Group Corporation has developed a proven growth strategy of identification, acquisition, and development of domestic hydrocarbon reserves. The Company concentrates on identifying prospects that, for the most part, have proven oil and gas production and have been operating for many years. By acquiring working interests in proven, low-risk fields, the Company eliminates the risk of drilling dry-holes and avoids the expense of building major infrastructure to get the product to market. The Company's low-cost operations and low overhead structure allows it to maximize income and revenue.
The Company confirmed that this step not only begins its program to put back into production natural gas operations on its existing oil and gas wells, but also the gas wells that are part of its 17 lease package that Northamerican disclosed on November 8th and December 26th 2006.
