GFI Oil & Gas
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| In August, 2008 Williamsport, [[Pennsylvania]]-based '''GFI Oil & Gas''' entered into a lease agreement with the Ebensburg, Pennsyvania Borough Council in Cambria County to lease 1300 acres for natural gas drilling. | In August, 2008 Williamsport, [[Pennsylvania]]-based '''GFI Oil & Gas''' entered into a lease agreement with the Ebensburg, Pennsyvania Borough Council in Cambria County to lease 1300 acres for natural gas drilling. | ||
| + | GFI had been a newly organized company at the time of this lease. | ||
| - | A January, 2009 report indicated GFI was backing out of their contract with the Borough when it failed to make a scheduled $2.6 million payment for development rights to the 1300 acres. | + | A January, 2009 report indicated GFI was backing out of their contract with the Borough when the company failed to make a scheduled $2.6 million payment for development rights to the 1300 acres. |
| Contact: David Scoptais, GFI rep in Ebensburg | Contact: David Scoptais, GFI rep in Ebensburg | ||
Revision as of 20:11, 22 January 2009
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In August, 2008 Williamsport, Pennsylvania-based GFI Oil & Gas entered into a lease agreement with the Ebensburg, Pennsyvania Borough Council in Cambria County to lease 1300 acres for natural gas drilling. GFI had been a newly organized company at the time of this lease.
A January, 2009 report indicated GFI was backing out of their contract with the Borough when the company failed to make a scheduled $2.6 million payment for development rights to the 1300 acres.
Contact: David Scoptais, GFI rep in Ebensburg
