Business
49 NORTH RESOURCES INC. PROVIDES ALLSTAR ENERGY LIMITED OPERATIONS UPDATE
49 NORTH RESOURCES INC. PROVIDES ALLSTAR ENERGY LIMITED OPERATIONS UPDATE
About this update from 49 North Resources Inc
[{"type":"text","content":"\n\n\n\n Oct. 26, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTSX Venture Exchange symbol FNR\n\n\nSASKATOON, SK, Oct. 26 /CNW/ - 49 North Resources Inc. ("49 North") (TSX\n Venture: FNR) is pleased to provide an update on the operations of\n Allstar Energy Limited ("Allstar"), a private company of which 49 North\n owns 89.5% of the issued and outstanding common shares. Commencing in\n July of 2010, Allstar drilled, completed and has now brought into\n production five (5) Viking horizontal oil and associated gas wells (5\n net) in the Kindersley, Saskatchewan area.\n\n\n49 North is very encouraged by the initial production results it has\n seen in the current phase of Allstar's operations in the Kindersley\n area.  Initial results have exceeded expectations and 49 North intends\n to report further following the first ninety (90) days of production. \n Efforts are currently underway to construct gathering lines in order to\n tie in associated gas from these wells into the newly constructed, 100%\n Allstar owned, oil and gas processing facility.\n\n\n49 North is a Saskatchewan focused resource investment company with\n strategic operations in financial, managerial and geological advisory\n services and merchant banking. Our diversified portfolio of assets\n includes direct project involvement in the resource sector, as well as\n investments in shares and other securities of junior and intermediate\n mineral and oil and gas exploration companies. ...