Pinnacle Gas Sets IPO Terms

Pinnacle Gas Resources Inc., a Sheridan, Wyo.-based onshore natural gas exploration and development company, has set its proposed IPO terms to 3.57 million common shares being offered at between $10 and $12 per share. It plans to trade on the Nasdaq under ticker symbol PINN, with Friedman Billings Ramsey serving as lead underwriter. Shareholders include DLJ Merchant Banking.