Sharpe Resources - SHO.M Message Board

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Gold/Mining/Energy : Sharpe Resources - SHO.M

SHO 9.120

+0.3%

Dec 26 9:30 AM EST

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To: Cush who wrote (453)	2/5/2001 10:33:08 AM
From: Cush	Read Replies (1) of 474

This sounds good. biz.yahoo.com SHARPE RESOURCES CORPORATION is pleased to announce that its wholly owned subsidiary Sharpe Energy Company has completed a letter of intent agreement to sell a 52.5% interest in its 100% owned offshore Gulf of Mexico Matagorda Island (Texas) gas project. The deal, valued at approximately $10.0 million, includes an initial cash payment at closing and cash payments out of future gas production. The transaction, is scheduled to close no later than March 15, 2001 subject to final due diligence, and requires that the partner drill 2 wells to earn its interest in the entire project.

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