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Gold/Mining/Energy : Jersey Petroleum -JPI (was Jersey Goldfields -JRG)

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To: Bobby Yellin who wrote (95)8/18/1999 2:27:00 AM
From: Ice-Man  Read Replies (1) of 100
 
Jersey Petroleum Inc JPI
Shares issued 18,450,644 1999-08-11 close $0.12
Tuesday Aug 17 1999
Mr. James Yates reports

Jersey has received as settlement of its lawsuit against
Tidelands Oil and Gas Corporation $167,000 (U.S.) in cash
and 175,000 shares of Tidelands, which trades on the Nasdaq
Bulletin Board at approximately $2.50 (U.S.) per share. The
shares are subject to a one-year hold period.

This will now provide the company with a clean slate to continue its review of projects involving Internet-related potential.
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