Torque Energy Announces Union Gas Limited Will Proceed With Its Plans to Develop the Jacob Storage Pool

Torque Energy Inc. (TSXV:TQE) reports that Torque and Liberty Oil & Gas Ltd. received notice from Union Gas Limited that Union will be proceeding with plans to develop the POD#34 Reservoir under the terms of the Storage Development and Production Agreement signed June 17, 2010.

The press release is quoted as saying:

Union has named the proposed development of the POD#34 Reservoir the “Jacob Storage Pool”. Union also stated that it is in the process of preparing to file an application to the Ontario Energy Board to have this pool designated as a storage area.

Click here to access the entire press release

Click here to access Torque Energy Corporate Site