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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock
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To: Keith Utz who wrote (1343)4/30/1998 6:49:00 AM
From: Sapper  Read Replies (2) of 2011
 
News Release: Subsidiary sells two new service rigs

Westrend Natural Gas Inc WRN
Shares issued 18,885,569 Apr 29 close $0.61
Thu 30 Apr 98 News Release
Mr. Mark Roberts reports
Taylor Rig LLC, a subsidiary of Westrend, has sold two new service rigs to
an Indonesian company. This purchaser has indicated that it expects to
order an additional six rigs. The purchase is subject to the purchaser
converting its letter of credit to cash to cover the purchase price.
In order to keep the company's shareholders informed of Taylor Rig's
monthly progress, management will be releasing Taylor Rig's total sales
after the end of each month. For the month of April, 1998, Taylor Rig has
sold, to be completed and booked in future months, an additional
$1,500,000, consisting of one carrier and the two rigs to the Indonesian
purchaser.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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