LNG Energy Announces Farm in Agreement With TransAtlantic Petroleum

LNG Energy Ltd. (TSXV:LNG) enters into an eagreement with TransAtlantic Petroleum Ltd. (TSX:TNP,AMEX:TAT) to earn a 50% interest in a future gas shale formation production concession in northwest Bulgaria.

The press release is quoted as saying:

LNG is a Canadian exploration and development company focused on developing oil and gas reserves in Papua New Guinea, Poland and the US. LNG holds a 100% interest in approximately 5.5 million acres of prospective oil and gas properties in Papua New Guinea. LNG has a 50% net interest in approximately 360,000 gross acres of prospective shales in Poland together with Realm Energy (BVI).

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