Daytona Energy Corp
DYT
Shares issued 2,154,508 as of 1999-12-23 close $0.10
Tuesday Dec 28 1999
Mr. John Tarrant reports
Further to news in Stockwatch on Oct. 30, 1999, the company has received the
approval of the Canadian Venture Exchange for the acquisition of all the shares of
Flare Petroleum NL and, in consideration therewith, has issued 12 million shares
of the company at a price of 15 cents per share in satisfaction of the acquisition
price of $1.8-million (Canadian). The shares are subject to a hold period which
expires on Dec. 22, 2000.
Flare Petroleum NL has an interest in the following oil and gas exploration
projects in Australia:
Interest
Permit (%) Location
NSW/PEP/11 100 Offshore Sydney
basin, NSW
EP412 100 Offshore Carnarvon
basin, WA
AC/P-27 50 Vulcan subbasin,
north west shelf, WA
AC/P-25 100 Vulcan subbasin,
north west shelf, WA |
