SOURCE: High Plains Gas

High Plains Gas

October 25, 2010 09:27 ET

High Plains Gas Completes Reorganization With Northern Explorations, Ltd

GILLETTE, WY--(Marketwire - October 25, 2010) -  High Plains Gas, Inc. (OTCBB: NXPND) today announced the closing of its reorganization with Northern Explorations, Ltd. In accordance with the terms of the reorganization agreement, High Plains Gas LLC (the operating entity) became a wholly owned subsidiary of Northern Explorations, and has changed its name to High Plains Gas, Inc.

Northern Explorations has completed a 200 for 1 reverse stock split with an effective date of September 30, 2010. Additionally, Northern Explorations issued a total of 52,000,000 shares of common stock to principals of High Plains Gas LLC in exchange for 100% of the controlling interest in the securities of High Plains Gas LLC.

High Plains Gas, Inc. is a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. The Company currently maintains seven active leases in the region with 92 wells producing natural gas. With a strong foundation in the basin and growth as a core value, High Plains Gas will purse expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations that helps position it strategically in the Powder River Basin.

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

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