South Korea is coming to northeast British Columbia.

It was reported this week that state-run Korea Gas has signed a deal with Canadian gas major EnCana covering three fields in the province of British Columbia. Korea Gas will take a 50% interest, for a price tag of $1.1 billion.

On January 18, 2010, during the discussion of the Global Energy Outlook panel of the World Economic Forum held in Davos, Switzerland, Mr. Peter Voser, President and CEO of Royal Dutch Shell, pointed out the potential of natural gas that has consistently been downplayed throughout the world as a substantial source of future energy supply.

There is quite a bit to be said for planning and execution. Laying ground work for a program to succeed, with each piece of the puzzle being placed for later exploitation, is one of the better ways to profit when the time is right. Not only does planning allow for maximum opportunity for profit, but for timely execution as well.

Western Standard Energy (WSEG) is an exploration-stage oil firm focused on extracting crude oil and natural gas from the Bakken Formation that runs through Montana, North Dakota and Canada. The area is believed to hold some of the largest reserves of crude oil in the North America, after Alaska’s Prudhoe Bay and the oilfields of West Texas.