2008-10-10-2008-10-09

To acquire co., gaining interests in WY CBM properties including Clabaugh Ranch, Prima Thorne with 76 wells, 2 MMcfg/d gross.

Jag Media Holdings Inc., Boca Raton, Fla., (Pink Sheets: JAGH) plans to acquire Denver-based BlueCreek Energy Inc. for approximately $16.9 million in stock. Jag Media will issue approximately 82% of its outstanding shares to BlueCreek, totaling about 50 million shares. BlueCreek has interests in coalbed-methane properties in Wyoming, including the Fee and Federal acreage in Clabaugh Ranch and a majority interest in the Prima Thorne properties. The company has various positions in 76 wells (42 wells operated). Gross production is more than 2 million cubic feet of gas per day. The deal is expected to close Nov. 3.