The Friendsville Group

11/5/2008 Estimated gas yield from Marcellus shale goes up

Penn State Geoscientist Terry Engelder points out in this article that Marcellus Shale may contain 7 times more Natural Gas than originally estimated. Range Resources, who has drilled many Marcellus Gas Wells, says that Marcellus could be the biggest Gas Play in the United States. The information further validates the information provided read more »

10/31/2008 GROUP UPDATE

30Oct08 Friendsville Group Status Update:

The slides shown at the 26Oct Group Meeting will be posted on this website shortly. In case you were not able to attend the meeting, the agenda (and posted slides) provided a status on the work done since the last Group Meeting in May, more information on read more »

10/26/2008 Chesapeake's view of Marcellus

See the attached details for Chesapeake's view of the importance and value of the Marcellus Shale.

The first link is just the Marcellus Shale section of the report:

2008_Investor_and_Analyst_Meeting-Marcellus.pdf

This second link is to the original entire report. Note - The full report is very big and will take read more »

10/21/2008 GROUP UPDATE AND MEETING NOTICE

20Oct08 Friendsville Group Status Update:

Our Lease, cover letter, and bid package are ready to send to the Companies on the scrubbed Bid List. The plan through the beginning of last week was to bid. However, the financial markets have gotten worse and have tightened up the investment credit necessary for Companies to do read more »

10/16/2008 News Release from PA DEP

See the attached news release from PA DEP. They recognize the need to support the economic growth that gas production from Marcellus Shale can provide and balance that with the need to protect the environment. Note the potential yearly job creation numbers quoted in this article for every $1 billion read more »

10/16/2008 Marcells Shale Information and Hydraulic Fracturing Report

"The Marcellus Shale has the potential to be one of the largest natural gas plays in the United States and is the focus for the discussion in this paper. While the development of the Marcellus Shale is in the early stages, the use of horizontal well drilling and hydraulic read more »

10/9/2008 STATUS UPDATE

8Oct08 Friendsville Group Status Update:

Over the past three weeks the Negotiation Team has held several face-to-face and phone conversation meetings with a number of the Energy Companies interested Leasing our Group's Acreage. Yesterday we received the last feedback from those discussions. Also over the last week, our PA Oil and Gas Attorney has consolidated the Company read more »

9/30/2008 Information on a Cabot to Epsilon land swap

CONCORD, ONTARIO, Sep 23, 2008 (MARKET WIRE via COMTEX) ----Epsilon Energy

OPERATIONAL UPDATE North America

Pennsylvania

Epsilon has completed drilling the Larue #1H and the Larue #2H, the first two wells in their horizontal drilling program in its Highway 706 project and is in the read more »

9/20/2008 DEP Drilling Permit Approval Process is Working Again

Cathleen Myers, Deputy Secretary for Water Management PA DEP and the PA representative on the Susquehanna River Basin Commission (SRBC), said at the 11Sep08 Quarterly SRBC meeting that there were a number of Oil and Gas Drilling permits held up by the approval of the water withdrawal permits. She said read more »

9/19/2008 GROUP STATUS UPDATE

18Sep08 Friendsville Group Status Update

Progress:

The face-to-face meetings we have had with Energy Companies have been productive and the Companies continue to show interest in the Group. Unfortunately the meeting schedule was interrupted when Hurricane Ike hit Texas. A number of the Companies are headquartered in Houston and people are read more »

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