Northamerican Energy Group (OTC: NNYG) was formed to take advantage of the convergence of factors that have resulted in tremendous opportunities in the oil and gas industries. The well-chronicled sustained growth in oil prices, combined with numerous advances in recovery technologies, present outstanding possibilities for the properly positioned company. Northamerican Energy is dedicated to acquiring low-risk, mature oil and natural gas fields, and the recovery of their hydrocarbon reserves, with specific emphasis on the secondary recovery, production enhancement and developmental exploitation of its acquisitions. Northamerican Energy is aggressively seeking new acquisitions to bolster its existing revenues from wells that are already in production, as well as applying cutting edge technology to enhancing the production from existing wells and bringing new wells online. The company holds gas & oil production leases located in the Pecos Valley Field, Southwest of Midland, Texas, in the Permian Basin. Northamerican Energy is in the process of applying the latest in available recovery technologies to enhance the production on all of their wells, and thereby to bring new sources of production to the market.