By the OGJ Online Staff
HOUSTON, Mar. 2�Evergreen Resources Inc., Denver, Colo., has agreed to acquire a 100% interest in 605,000 acres of prospective tight gas sand properties in the Northwest Carboniferous basin of Northern Ireland.
It gave Priority Oil & Gas LLC and S. Morrice & Associates Ltd., both also of Denver, less than 25,000 shares of Evergreen restricted stock in exchange.
The company plans to begin a $2.5 million work commitment in June, drilling four exploratory wells within 1 year. Evergreen has identified seven drillsites for permitting and other locations for exploratory and delineation drilling.
The locations were determined by using data from previously drilled wells, subsurface and surface mapping, and existing of seismic data.
Evergreen President and CEO Mark S. Sexton said, "Evergreen's efforts to establish natural gas production in Northern Ireland dovetails nicely with the country's rapidly expanding need for a local energy source to promote their growth in technology and industry."
