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Gold/Mining/Energy : OEL.V Osprey Energy Limited
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To: The Osprey who wrote (248)5/30/2000 10:55:00 AM
From: The Osprey  Read Replies (1) of 1134
 
Osprey Energy Ltd -

Osprey to acquire interest in Bayou Choctaw field

Osprey Energy Ltd
OEL
Shares issued 3,334,288
2000-05-29 close $0.6
Monday May 29 2000
The Canadian Venture Exchange has accepted for filing documentation pertaining
to a purchase agreement dated Feb. 24, 2000, between the company and
Petroleum Resources Inc., pursuant to which the company will acquire a
15-per-cent working interest in the Bayou Choctaw field in Iberville Parish, La. In
consideration, the company will pay Petroleum Resources $600,000 (U.S.) in
cash. Under the terms of the purchase agreement, the company has also been
granted a right of first refusal for an additional 30-per-cent working interest in the
field, the acquisition of which will be subject to further exchange approval.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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