STGAF News Alert Sterling Energy (STGAF) 0.2700 02/15/2015 1
Post# of 64074
Gary Indiana Company Completes Financing Of Oil And Gas Properties In Kentucky
PR Newswire - Fri Nov 14, 2:59PM CST
Sterling Energy Group, Inc., a green energy independent power producer, through its wholly owned subsidiary, KyNGO Holdings, has closed on a credit facility with Prairie Street Capital, LLC in Chicago, IL. This financing follows the purchase of Viking Gas Pipeline, LLC, and Viking Oil and Gas, LLC. The acquired Companies, doing business as Kentucky Blue Gas, produce and oil and gas from wells on leased property. Approximately 7000 acres of leases, held by production, are assets of the acquired Companies. Oil is pumped into tanks near wells and transported by trucks and sold to a refinery. The natural gas is transported via a pipeline gathering system. Sterling Energy Group, Inc. plans to connect this pipeline to the pipeline owned by its existing subsidiary, Gulf Star Oil and Gas, LLC and flow all natural gas to an existing industrial customer.
Gary Indiana Company Completes Acquisition Of Oil And Gas Companies In Kentucky
PR Newswire - Mon Jun 30, 8:00AM CDT
Sterling Energy Group, Inc., a green energy independent power producer, through its wholly owned subsidiary, Kentucky Natural Gas and Oil Incorporated, has today completed the purchase of Viking Gas Pipeline, LLC, and Viking Oil and Gas, LLC. The acquired Companies, doing business as Kentucky Blue Gas, produce oil and gas from wells on leased property. Approximately 6500 acres of leases, held by production, are assets of the acquired Companies. Oil is pumped into tanks near wells and transported by trucks and sold to a refinery. The natural gas is transported via a pipeline gathering system. Sterling Energy Group, Inc. plans to connect this pipeline to the pipeline owned by its existing subsidiary, Gulf Star Oil and Gas, LLC and flow all natural gas to an existing industrial customer.