CORP / Pinnacle Oil International, Inc. Files Form 10
Registration Statement With United States Securities and
Exchange Commission
OTC Bulletin Board SYMBOL: PSFD
APRIL 15, 1998
CALGARY, ALBERTA--R. Dirk Stinson, President of Pinnacle Oil
International, Inc. ("Pinnacle") (OTC BB: PSFD), today announced
that Pinnacle had voluntarily filed a Registration Statement on
Form 10 with the United States Securities and Exchange Commission
on April 14, 1998, pursuant to which Pinnacle will become a
reporting issuer under the United States Securities and Exchange
Act of 1934.
"The filing of this registration statement represents an important
step forward in raising the visibility of Pinnacle in the U.S.
market place, particularly since a majority of our stockholders
reside in the United States," said R. Dirk Stinson, President of
Pinnacle. We anticipate the Form 10 will clear comments, and be
declared "effective" by the Securities and Exchange Commission,
approximately three months after filing."
Pinnacle is a technology company engaged in oil and gas
exploration and development, and holds the exclusive rights for
hydrocarbon exploitation through the Stress Field Detector
("SFD"), a technology which has been shown to be accurate in the
identification of hydrocarbon deposits. Specifically, the SFD
affords a capability to perform wide area exploration more rapidly
than any traditional method, and offers an opportunity to locate
numerous, productive oil and gas fields at a fraction of the cost
of conventional methods. |
