Business
SPROTT RESOURCE CORP. PROVIDES UPDATE ON ONE EARTH OIL & GAS INC.
SPROTT RESOURCE CORP. PROVIDES UPDATE ON ONE EARTH OIL & GAS INC.
About this update from Winchester Equity Corporation
[{"type":"text","content":"\n\n\n\n Oct. 20, 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\nTORONTO, Oct. 20 /CNW/ - (TSX: SCP) - Sprott Resource Corp. ("SRC") is pleased to provide an update on the\n activities of its subsidiary One Earth Oil & Gas Inc. ("OEOG"), which\n is dedicated to pursuing oil and gas exploration and development\n opportunities in partnership with the First Nations. \n\n\nOEOG has entered into joint venture and lease agreements in respect of\n significant lands on the Ermineskin First Nation (2,235 hectares)\n ("Ermineskin Lands"). In addition, OEOG has also entered into\n agreements on lands contiguous to the Ermineskin Lands (1,554 gross\n hectares) ("Adjacent Lands").  OEOG has also entered into a farm-in and\n option agreement with a private company in respect of lands which are\n on the Fort Belknap First Nation and other lands in the area (3,885\n gross hectares) (the "Montana Lands").  OEOG retains an option to\n continue drilling on a rolling option basis covering over 100,000\n hectares in Montana.\n\n\nOEOG drilled and completed one well earlier this year on the Adjacent\n Lands, which tested positive for gas.  OEOG intends to tie-in this well\n by year-end dependent on market conditions.  OEOG intends to drill 6\n oil and gas wells over the balance of 2010, 2 on the Ermineskin Lands,\n 2 on the Adjacent Lands and 2 on the Montana Lands (the "2010 Capital\n Program").  The wells on...