Transworld Oil & Gas, Ltd. (Pink: TWOG): (..formerly Frontier Oil & Gas, the Alaska Oil & Gas..). The vision of the company is to establish itself and develop a solid foundation for future growth by developing properties that provide a balance of short and long term reserves for both natural gas and oil. The company will establish this through strategic development partnerships and independently in the future. The company will work to establish and maintain properties with potential for development and drilling. The company emphasize will be on production, cash flow and reserve value. The company said $20 million in revenues on the upcoming "Russian" deal they are working on. News should be forthcoming, according to the company. 49% LOI on a Russian oil producing company. Find more info. by searching google.com using AKOL.PK. Find PR about Russian deal. Post it on the board when you find it. Good luck. G-5
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cf.us.biz.yahoo.com
Press Release Source: Alaskan Oil and Gas Ltd.
Alaskan Oil and Gas signs LOI for 49% Percent of Producing Oil Company
Tuesday April 12, 7:30 am ET
HOUSTON, April 12, 2005 (PRIMEZONE) -- Alaskan Oil and Gas (Other OTC:AKOL.PK - News) has signed an LOI to acquire 49% ownership of a producing oil company located in Russia. The final purchase price will consist of a combination of cash to be utilized as working capital and convertible preferred shares to complete the purchase.
The operating management of the company currently has 10 years of operational experience and are involved in various aspects of oil production. Current areas of operations include production of crude oil and gas condensate, transportation of hydrocarbon raw material to the consumer, registration of necessary customs procedures, reprocessing of sour and highly paraffinic oil within its own plants and the receipt of high-gravity sorts of oil.
Alaskan Oil and Gas believes that it can help the company to increase its production to 10,000 metric tons of oil per month over the next five years. In addition, the company has exploration potential that could add significantly to reserves and production.
About Alaskan Oil and Gas-
Alaskan Oil and Gas (Other OTC:AKOL.PK - News) is a development stage energy company and intends to become a worldwide company specializing in the extraction and production of oil and gas.
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Mancini and Needham can be reached here.
Contact:
Alaskan Oil and Gas.
Investor Relations
Phone: (281) 854-2374
E-mail: alaskaoil@mail.com
www.alaskanoilngas.com
11757 Katy Freeway
Suite 1300
Houston, Texas
77079
Phone: (281) 854 – 2374
Fax: (360) 937 – 5727
E-mail: alaskaoil@mail.com
www.alaskanoilngas.com |
