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.	+	GFI had been a recently 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.		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

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Revision as of 20:40, 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 recently 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