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Gordon Creek Energy Details Financial Updates

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May 14, 2014

On May 13, Gordon Creek Energy Inc. (TSXV: GDN.V) provided updates about its pending international natural gas export agreement, as well as its debentures.

An unspecified Malaysian natural gas distributor agreed to pay Gordon Creek US$10 million for the ongoing right to purchase up to 100% of the company’s future natural gas production from its Gordon Creek Field in Carbon County, Utah, the company said.

The current Henry Hub prices for the gas at the time of purchase will be paid to Calgary, Alberta-based Gordon Creek, but a discount of ...

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