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Gold/Mining/Energy : OEL.V Osprey Energy Limited

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To: The Osprey who wrote (576)10/20/2000 5:55:00 PM
From: Buckey  Read Replies (1) of 1134
 
Osprey acquires Louisiana working interest

Osprey Energy Ltd OEL
Shares issued 5,334,288 Oct 19 close $1.30
Fri 20 Oct 2000 Acquisition
The Canadian Venture Exchange has accepted for filing documentation
pertaining to an agreement dated April 3, 2000, between the company and New
Energy Corp., pursuant to which the company will acquire a 75-per-cent
working interest before payout and a 50-per-cent working interest after
payout in the Vernon/Cotton Valley field in Louisiana. In consideration,
the company will pay New Energy Corp. $2.1-million (U.S) in cash.
(c) Copyright 2000 Canjex Publishing Ltd. stockwatch.com
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