Once was the time when companies were molded to do one thing and do it good. Distractions were to be avoided for fear of losing focus and a steady revenue stream. In today’s marketplace the same is true in a general sense, but the idea is quietly losing some of its imperativeness as allied markets show opportunity and the possibility for diversification.

Independent oil and gas producer, Pinnacle Energy Corp. (OTCBB: PENC), formerly Gas Salvage Corp., today announced the acquisition of working interests in six wells in Pawnee County, Okla. for $1 million. The news sent shares of Pinnacle Energy soaring nearly 33 percent, to 98 cents.

Triangle Petroleum is an exploration company focused on emerging Canadian shale gas projects covering 584,000 gross acres in the Maritimes Basin in Nova Scotia and New Brunswick. The company plans to aggressively exploit their shale gas assets based on their prior experience with other shale gas assets in the Barnett and Fayetteville shale gas areas.