Admiral Bay Resources Inc.
Admiral Bay Resources Inc. has retained RBC Capital Markets to seek strategic alternatives, including a possible sale of the company. Admiral Bay has unconventional gas assets in the Cherokee Basin in southeastern Kansas and the Appalachian Basin in Pennsylvania. Net proved reserves are 35.3 billion cubic feet of gas, proved-plus-probable are 44.6 billion cubic feet and possible reserves are 233 billion cubic feet. For more information, contact Timothy W. Watson, 713-403-5663.