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Business Summary: NXPN
Northern Explorations Ltd. is an exploration stage company. The Company is engaged in the business of exploration of natural resource properties in the United States. The Company has acquired a mineral property located in the Nicola Mining Division, British Columbia, Canada. As of March 31, 2008, the Company was focused to investigate various opportunities in the oil and gas sector, as well as the base and precious metals sectors. Article: More on NXPN NXPN has been slowly moving up. NXPN closed up for the day while the Dow closed down 248 points! This shows the strength behind the company. The rally on NXPN could get a lot steeper really fast!! I believe now is better time than any to look at NXPN! The heavy reliance on foreign oil greatly influences our economy. We spend so much money trying to fuel everything with oil. When oil prices go up, so does the cost of everything else. The U.S. demands a lot of oil and is using about a quarter of the world's production! 85 million barrels of oil are produced around the world and 21 million of those barrels are used here in the United States. NXPN understands how scarce oil is. Our huge demand for it leads to higher oil costs which undoubtedly impairs our economy. NXPN is focusing on the dire need to move to domestic alternatives and intends to develop natural gas assets in North America. NXPN has targeted the natural gas sector in response to how bad the global economy has gotten. North America is home to many reserves of clean natural gas and NXPN intends to take full advantage of it. NXPN could become a huge natural gas company this year! A plan has been created by renowned energy developer T. Boone Pickens to help steer the United States towards natural gases. The Pickens Plan calls for building new wind generation facilities that will produce 20% of the nation's electricity and allow the U.S. to use natural gas as a transportation fuel. NXPN believes that natural gas may prove to be the energy source of choice for the new U.S. administration's energy policies. The Pickens Plan could very well be approved once the new Administration takes office! NXPN recently announced that the Company will acquire petroleum related assets in Alberta, Canada that include a 49% interest in a natural gas processing and compression facility; natural gas pipeline, additional infrastructure and certain lands associated to the infrastructure. This project has been found to have the potential to contain over 8 BCF of natural gas! NXPN also has the option to obtain the remaining 51% interest from the owner over a 2 year period. The plant is capable of processing sour gas by a regenerative solution, as well as sweet gas compression, gas metering and water storage. The facility is a strategic key element to the downstream production of gas from the pipeline. NXPN also acquires a network of 5, six-inch natural gas pipelines that connect to a major trunk line operated by Encana and that extend out towards three gas wells ready for tie-in. The final permitting application process and licensing of the plant will be completed shortly, allowing NXPN to put the project on line and to commence production. Keep your eyes on NXPN as they are working rapidly towards announcements of negotiations with suitable vendors! For more information on NXPN, visit their website at: www.norexenergy.com |
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