Ultra Petroleum (UPL) Message Board

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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Traveling Man who wrote (4333)	9/4/1999 1:39:00 PM
From: kfdkfd	Read Replies (2) of 4851

Lets make sure everyone doesn't jump the gun on this issue. Here are the News Releases on AOW issue. AOW Faces Lawsuit A lawsuit has been filed in the state of Wyoming in an attempt to bind Arrowhead Minerals Corp. and its subsidiaries to an alleged agreement involving all of its oil and gas properties that was negotiated by its former President. The alleged agreement was expressly conditioned on the approval of the Board and the approval of the Vancouver Stock Exchange, neither of which approvals has been received. The Board rejected the proposed agreement on the basis of poor commercial terms and for other good business reasons. An injunction hearing date has been set for September 17, 1999. Management is of the opinion that the suit is without merit and the Company intends to vigorously defend its position.

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