TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (119141)	9/11/2003 9:07:44 AM
From: Rocket Red	Read Replies (1) of 150070

Habanero Saskatchewan wells all producing oil Habanero Resources Inc HAO Shares issued 12,405,481 Sep 10 2003 close $ 0.12 Thursday September 11 2003 News Release Mr. Jason Gigliotti reports NINE NEW WELLS NOW FLOWING OIL FOR HAO Habanero Resources is tremendously excited that it has received the preliminary flow rates from the operator for the nine wells drilled in Saskatchewan, Canada, and all nine wells have discovered oil. Flow rates were as high as 84 barrels of oil a day. All nine wells are currently flowing oil and generating revenue for Habanero Resources. The oil is comparable with West Texas No. 1. The experience by other oil companies in the area suggests an approximate 15-year life for the shallow oil wells. Jason Gigliotti, president of Habanero Resources, stated: "This is a very exciting day for Habanero Resources and its shareholders. Being able to announce nine new oil wells all producing revenue for Habanero Resources is a tremendous step forward in building our revenue streams, and achieving our goal of becoming a mid-range oil and gas company. This now gives Habanero Resources 11 individual sources of oil and/or gas revenue that are expected to generate revenue for many years to come." Other partners in this field are Micron Enviro Systems "MSEV" and Fairchild International "FRCD." Habanero Resources is also in the final stages of due diligence on an additional multiwell drill program in Texas. The company is expecting an announcement within the next week regarding the status of this exciting project. The first well is expected to start drilling within two weeks. Habanero Resources is also currently conducting due diligence on two other large potential gas projects located in Saskatchewan, Canada, and in Texas. Pursuant to Habanero Resources' 2003 rolling stock option plan, up to 128,000 incentive stock options were granted at an exercisable at a price of 10 cents for five years, subject to regulatory approval. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)

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