Forest City basin CBM interests consolidating

摘要

Heartland Oil & Gas Corp.,Vancouver,BC,signed a letter of intent to acquire the northeastern Kansas Forest City basin coalbed methane assets from Evergreen Resources Inc.,Denver,for S22 million.After closing,set for late September,it plans aggressive development focusing on three plays deemed of most potential for early gas production.This will involve completion of 3 7 wells standing cased and,in 2005,drilling of 60 more wells and start of gas sales.Heartland will open offices in Denver andTopeka,Kan.