American Eagle Energy Corporation – OTCBB: AMZG
As you can see above, shares are up sharply as they moved up sharply in January. Lately we have seen the shares approaching the 52 week high. While it has not reached that level since April, the Company announced on August 19th an agreement with an unnamed joint venture partner.
Here is some of that release:
American Eagle Energy Corporation (AMZG) (the “Company” or “American Eagle”) and a Joint Venture Partner (“JV Partner”), collectively (the “Parties”) have entered into a Carry Agreement and a Farm-Out Agreement pursuant to which the JV Partner will fund the drilling and completion of up to 11 new wells in the Spyglass Project area, which is located within the Williston Basin in Divide County, North Dakota. The wells will be operated by American Eagle.