more on RMMI
go to their website and read about what is going on.
this from the website:
SETTLEMENT OF SALE TO BHP BILLITON
OF WA-322-P
The Exmouth Joint Venturers (Octanex N.L., Strata Resources N.L. and Rocky Mountain Minerals, Inc.), have concluded and settled an agreement with BHP Billiton Petroleum Pty Ltd (“BHP Billiton”) for the sale of WA-322-P to BHP Billiton.
Conditions precedent, including the confirmation by the Designated Authority of a revised Minimum Guaranteed Work Program, all necessary approvals, registrations and filings, have all been obtained.
A full 100% working interest in Permit WA-322-P has now been assigned to BHP Billiton. In return BHP Billiton are to provide for the acquisition and processing of a 55 kms2of 3D seismic in the Exmouth Joint Venture’s adjacent permit, WA-329-P, have provided a cash reimbursement, a deferred contingent cash payment, and the grant of an overriding royalty interest with respect to any production from WA-322-P to the Exmouth Joint Venturers.
Interests in the Exmouth Joint Venture and the receipt of the consideration are:
Octanex N.L. - 37%
Strata Resources N.L. - 37.5%
Rocky Mountain Minerals, Inc. - 25%
E.G. Albers
Chairman
Melbourne, Australia
25th June 2004
_________________
NOW LOOK AT THE MAP AND SEE HOW BIG THOSE LEASES ARE:
rockymountainminerals.com
OK
NOW GO AND SEE WHO THE HECK BHP Billiton IS
are they some rinky dink little penny oil players???
NOT: they have more than 100 operations going in 20 countries and employ about 35000 people.
there stock trades on the AU stock exchange at around 18 bucks
GO HERE FOR THEIR WEBSTIE: bhpbilliton.com
but please - i have given you an quick synopsis. TAKE THE TIME TO READ THE WHOLE THING.
Lazarus
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