ARXA International (ARXA): Rapid Expansion imminent!!!!!! Message Board

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Microcap & Penny Stocks : ARXA International (ARXA): Rapid Expansion imminent!!!!!!

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To: FARcom who wrote (164)	5/25/1998 8:28:00 AM
From: Dan Good	of 508

HOUSTON, May 21 /PRNewswire/ -- ARXA International Energy, Inc. (OTC Bulletin Board: ARXA) announced today that it has entered into a binding letter of intent to acquire for stock and cash certain producing assets of OPMI Operating Company, Inc. and Todd C. Harwell individually. All of the production and prospects being acquired are in the Texas and Louisiana state waters and the Gulf Coast region. ARXA will develop and operate the properties in conjunction with OPMI and Mr. Harwell. The press release leaves a lot of unanswered questions. The first of which is who the heck is OPMI and MR. Harwell. Neither of which has ever filed with the SEC from what I can find. Second, is how much production and prospects are we talking about. In addition, where did ARXA get the money to buy said company. According to their filings with the SEC, they didn't much cash before buying them. And finally how will it effect the bottom line. If anyone talks to Bruce, maybe he can clarify. &#165

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