Inform Worldwide’s Subsidiary, One World Energy Corporation, entered into a Coal Lease Agreement for 180 acres located in Greene County, Pennsylvania. The subsidiary is now obtaining the required permitting and bonding for the site.
The company also entered into a Coal Bed Methane Lease, which also covers 180 acres, and will be obtaining the required permitting and bonding for that site as well.
The Bed Methane Lease contains three seams of coal. The Wayneburg Seam is at least five feet thick with an overburden of 0-10 feet. The Washington Seam is also at least five feet thick with approximately more than ten of overburden. The Freeport Seam is about 600 feet below the surface and could be a probable source of coal bed methane.
The area surrounding the Lease has been successfully developed for strip mining coal and drilling for gas. There is also a pipeline in the area and another is expected to be constructed.
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