News 9/29/09

Legal fight looms as gas companies attempt to use loophole to extend leases
By G. Jeffrey Aaron Elmria Star Gazette 9/26/09

Epislon sells Lycoming & Sullivan acreage

CONCORD, ONTARIO--(Marketwire - Sept. 18, 2009) - Epsilon Energy Ltd. ("Epsilon" or the "Corporation") (TSX:EPS) announced today that has entered into an agreement with a third party to sell 3,734 net leasehold acres (the "acreage") for $12,695,600, or $3,400 per net leasehold acre. The non-core acreage is located within Lycoming, Sullivan and Columbia counties in eastern Pennsylvania. Closing of this transaction is expected to occur on or before October 16, 2009.
Epsilon Energy Ltd. press release - Marketwire

CPK has only 21% of production hedged for 2010

Chesapeake Energy Bets on Higher Natural Gas Prices
Blog By David Phillips, b-net Sep 21, 2009

Changing views of Natural Gas - NPR

Rediscovering Natural Gas By Hitting Rock Bottom
by Tom Gjelten - NPR Morning Edition

Who's Looking At Natural Gas Now? Big Oil
by Tom Gjelten - NPR Morning Edition

With Little Clout, Natural Gas Lobby Strikes Out
by Peter Overby - NPR Morning Edition

Leasing resumes in Susquehanna, Wayne & Bradford

Fortuna Energy agrees to pay $165 million for gas rights; 600 members of coalition to receive $5,500 per acre, plus royalties

Chesapeake $5,750/20% -
Gas land leasers now get rich deal
By Rory Sweeney 9/17/2009 Wilkes barre Times Leader