Jersey Petroleum -JPI (was Jersey Goldfields -JRG) Message Board

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Gold/Mining/Energy : Jersey Petroleum -JPI (was Jersey Goldfields -JRG)

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To: Bobby Yellin who wrote (45)	11/4/1997 1:25:00 PM
From: burner	Read Replies (1) of 100

High Plains Energy Inc - Letter of agreement exeuted for sale and disposition of all assets High Plains Energy Inc HYEShares issued 37486691997-11-03 close $0.45Tuesday Nov 4 1997Mr Harold Bowman reports A letter of agreement has been executed by management for the sale and disposition of all of its assets for cash in the Bonnie Glen Cardium A unit, Alberta, effective January 1 1998 with closing set for January 31 1998. Terms of the sale are subject to due diligence and board approval on the part of the buyer. Funds received from the sale will augment the company's cash position. Most of the funds will be used for the development and exploitation of its oil and gas reserves in Alberta and BC estimated after the Bonnie Glen disposition at approximately 1,316,000 proven and probable boe. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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