11:53 AM EST - Forest Gate Energy Inc. : reported that it has acquired from Vanterra Energy Inc. interests ranging from 52% to 70% in all Utah oil licenses belonging to Vanterra. Forest Gate and Vanterra are planning to re-drill a 4,000-foot well targeting the Dakota sands at 2,600 to 2,800 feet on which Forest Gate has received an independent report prepared in accordance with National Instrument 51-101 on such initial potential producing well. Forest Gate Energy Inc.
shares V.FGE are trading up $0.025 at $0.15.
