New York firm linked to Fowler’s company investigated
Fowler Oil & Gas Corp. needs the approval of the Alaska Oil and Gas Conservation Commission before drilling its first methane coal bed well Trunk Road in Mat-Su.
The question of whether a plaintiff in the past, the factors to take such a decision, the Commissioner Cathy Foerster, said of the Three-group of people who do not have legal authority to judge “, a good or a wrong type of model in general. ” Instead, Foerster said, the state needs at least 100000 United States dollars loan to cover the costs of the insertion of a well, when the operator leaves.
They did not know whether the Commission could decide to Fowler’s. Company Chairman Bob Fowler $ 100,000 by a guarantee of Texas an insurance company, according to a stamped copy of the loan on March 17.
Fowler Oil & Gas, whose headquarters is in Las Vegas, but has an office in Palmer. The share of corporate finance, personnel and engineers Native American Energy Group, which is based in Forest Hills, NY, after paper presented last year with the Matanuska-Susitna Borough.
Fowler’s President and Chief Operations Officer Arlen Ehm, resigned from the company in February. Ehm, a geologist oil for a long time, said he has not been paid.
On the same day, met Ehm - February 1 - NAEG said, the shareholders of the company “are not in a position to do business”, since only a capital deficiency and was looking for investors’ buy shares to buy, after a post - On the company’s Web site.
On 13 March, the US Securities and Exchange Commission suspended trading in the NAEG - and the 25 other companies - for 10 days as part of an ongoing investigation, the demands of society “kidnapped” removed from the identity of a company laws to protect investors Rock. The company has yet to trade, NAEG a statement on March 19 said the company, the assessment of problems and evaluation of legal options.
NAEG An official in New York, did not request a new comment. Fowler, in a statement, the same day it was distancing of the company in New York and in the company of the investigation of the Confederation does not affect the validity of the Oil & Gas Fowler can still continue its efforts to a new source of energy in Alaska. ”
Fowler requested authorization on its own without NAEG, US Fowler. His company, “a strategic relationship with NAEG development.”
Until recently, was considered Fowler NAEG Director of Alaska Native projects “on the company’s Web site. The company has no Alaska Native projects. Fowler, in an interview during the winter, said: “This is just a title, she gave me,” and there is no what he has done - to advise companies on the coal-bed methane. Fowler had no prior experience with methane poll.
NAEG His position as a director, still on the company’s Web site on March 17 at the site of the March 19.
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