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Microcap & Penny Stocks : paramax resources

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To: Flea who wrote (182)	10/19/1999 7:52:00 PM
From: 1st.mate	Read Replies (2) of 246

(LOL)<EOM> Paramax Resources Ltd - Paramax reviews West Delta block 78 development location Paramax Resources Ltd PXM Shares issued 5,970,100 1999-10-18 close $1.31 Tuesday Oct 19 1999 Mr. David DiRicco reports James Owen, director of Paramax Resources, has had initial discussions with some of the other interest owners in the West Delta block 78 lease, offshore Louisiana, regarding the continued development of the property. These discussions are a result of the good production results from the initial well. There appears to be two additional drilling locations on the West Delta block 78 property which would target the MQ sand at approximately 13,800 feet. The development of the property is subject to approval by all working interest owners and rig availability. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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