Shannon International Inc.

• Public
• CA

Dow Jones Description

Shannon International Inc., hereafter Shannon has grown from its origins in natural resources exploration into the information technology sector. Natural Gas Exploration Program Shannon was incorporated on February 17, 1999 under the laws of the State of Nevada for the purpose of financing and owning oil and natural gas development properties. During March 1999, Shannon acquired working interests in oil and natural gas exploration permits covering approximately 640,000 acres of Prince Edward Island, Canada. On July 23, 2004, the permits expired. Rally Energy Corp., the Operator under the joint operating agreement covering the expired permits acquired new permits for approximately 376,000 acres of the approximately 640,000 acres covered by the expired permits, including the acreage where the first two exploratory natural gas wells were drilled. On September 23, 2004, Shannon entered into a letter of agreement with Rally Energy Corp.

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Peer Companies

• Linn Energy LLC
• EnCana Corp.
• Occidental Petroleum Corp.
• Enterprise Products Partners L.P.
• Anadarko Petroleum Corp.
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