Auora Oil and Gas had a lot of holdings in Northern Michigan. Right now a lot of those areas have the potential for huge reserves of natural gas and in the northern portion of the state, oil also. There are about 6 new locations staked with permits applied for. If these areas pan out like many in the oil patch feel they will, northern Michigan will be booming. Just need the drill bit to prove it,and also Michigan will need to pull in rigs from other states,because there are only 15 or 16 rigs here available for drilling. And near the center of the basin where the formation is deeper,only 1 rig is capable of drilling to the necessary depth and then to drill the horizontal leg that is necessary to expose more of the formation for increased production. Near the outskirts of the basin the majority of these rigs could handle the drilling,because the pay zone is shallower. It is felt that most of the top half of the lower peninsula has the potential for gas and condensate and in some areas,gas and oil.