Forest Gate Latest Press
8 February 2010
Forest Gate Energy Inc. reports that it has entered into an exclusive option agreement with a private Denver, Colorado-based oil company to acquire a 50% interest in oil licenses in the state of Utah, consisting of approximately 135,505 gross acres and 37,264 net acres for an amount of US $1,200,000.
2 Febraury 2010
Forest Gate Energy Inc. announces that it will be undertaking a non-brokered private
placement whereby the Company intends to raise up to $500,000 at a price of $0.13 per unit.
25 January 2010
Forest Gate Energy Inc. reports that it has mobilized a rig to drill for oil and gas on its Crescent Junction property in Grand County, Utah, and is expected to spud on or before January 31st, 2010.