OILS - OTCBB: bringing stranded natural gas to market Message Board

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Technology Stocks : OILS - OTCBB: bringing stranded natural gas to market

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To: J. Mcgrath who wrote (214)	6/25/1999 2:48:00 PM
From: J. Mcgrath	Read Replies (1) of 275

TEXAS T Release #006-1999 For Details, Contact: Texas T Resources Inc. Investor information: 1-888-822-5222 Calgary Office: 1-888-818-3927 Texas T Resources Inc. News Release The Board of Directors are pleased to announce the following: TEXAS T PETROLEUM LTD. CONCLUDES NEGOTIATIONS TO ACQUIRE 50% INTEREST IN HEAVY OIL UPGRADING TECHNOLOGY. Texas T Petroleum Ltd. has reached a final agreement with Synergy Technologies Corporation to acquire 50% of the shares of Carbon Resources Limited, the holder of a 100% interest in and to the CPJ process. The CPJ process is a proprietary non-catalytic process for the conversion of so-called heavy oils into lighter oils, which, at current market value, sell at a premium per barrel over the price of heavy oils. Texas T Petroleum Ltd. acquired an option to negotiate the acquisition of the 50% interest on January 13, 1999 and has concluded negotiations to acquire the interest. Under the terms of the acquisition Texas T Petroleum Ltd. must fund a total of $900,000.USD and issue a total of 2,000,000 Units of Texas T Petroleum Ltd., each Unit consisting of one share and one share purchase warrant entitling Synergy to purchase one additional share at $1.00 per share. As mentioned above, Texas T Petroleum Ltd. will acquire its interest by way of the acquisition of 50% of the shares of Carbon Resources Limited, a wholly owned subsidiary of Synergy Technologies Corporation. Carbon Resources Limited holds a 100% interest in the CPJ technology. Texas T Petroleum Ltd. is completing a private placement offering memorandum to raise the required capital to fund the acquisition. The acquisition will be subject to test results satisfactory to Texas T Petroleum Ltd. The acquisition will also be subject to the requisite regulatory approvals. Texas T Petroleum Ltd. is a 78% owned subsidiary of Texas T Resources Inc. "Garett Greene" Garett Greene - Director Texas T Resources Inc. For Release 09:00 a.m. PST June 18, 1999 Texas T Resources Inc. Suite 210 - 214 11th Avenue SE Calgary, Alberta T2G 0X8 TEL: (403) 290-1250 Toll Free: (888) 818-3927 FAX: (403) 290-1257 INTERNET: WWW.TEXAST.COM The Vancouver Stock Exchange has neither approved nor disapproved of the information contained herein. This is a press release from a company listed on the vancouver stock exchange that is involved in the heavy oils upgrading precess. They are listed as TXT.v and are presently selling at about 0.13US. Take a look at it.

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