RE: Well? no panic - there was a news update on dec13th
As announced by Contact on October 24, 2012, Contact is negotiating with Pieridae Energy Canada ("Pieridae"), a Canadian energy infrastructure development company, a formal participation and earning arrangement for the funding and joint development of Contact's New Brunswick natural gas assets. Pieridae previously announced the development of a liquefied natural gas export facility in Goldboro, Nova Scotia, Canada. Under the arrangement with Pieridae, Contact is to exclusively manage the exploration and development operations of all North American on-shore natural gas assets that become, going forward, dedicated to providing natural gas production for the Goldboro facility. Contact and Pieridae are currently finalizing the formal, definitive agreements respecting the project, and Contact expects the agreements to be completed within the next few weeks.