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Gold/Mining/Energy : Jersey Petroleum -JPI (was Jersey Goldfields -JRG)
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To: burner who wrote ()6/8/1998 3:51:00 PM
From: TomKing   of 100
 
NEWS RELEASE ALERT... JPI.V (Jersey Petroleum Inc.)

Major acquisitionÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ
Jersey Petroleum Incÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ JPI
Shares issued 18,450,644ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ Jun 4 close $0.18
Mon 8 Jun 98ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ News Release
Mr. James Yates reports
The company has entered into an agreement to purchase all of the issued and
outstandingÿ sharesÿ of each of Tidelands Gas and Tidelands Oil, both Texas
companies.
The company has agreed to issue to the shareholders of Tidelands, proÿ rata
inÿ accordance with their respective shareholdings in Tidelands, a total of
up to 66,000,000 pre-consolidation trading shares. The tradingÿ sharesÿ are
issued at 17 cents per pre-consolidation trading share.
Tidelands owns and operates oil and gas properties in the southwestern part
ofÿ Texas.ÿ Tidelands' principals have been operating in this area for over
19ÿ years.ÿ Accordingÿ toÿ feasibilityÿ studiesÿ andÿ engineeringÿÿ reports
performedÿ by petroleum engineering companies and presented to the company,
the properties owned by Tidelands contain proven and producing oil andÿ gas
reserves.ÿ Inÿ conjunction with these properties Tidelands owns an interest
in a natural gas pipeline. Tideland's joint venture partner in the pipeline
will be installing, at its sole cost, a natural gas processing plant on the
pipeline.
A finder's fee in accordance with the presentÿ policiesÿ ofÿ theÿ Vancouver
Stock Exchange, is payable upon completion of this transaction.
The completionÿ ofÿ aÿ formalÿ agreementÿ predicatedÿ uponÿ theÿ termsÿ and
conditionsÿ of the agreement is subject to the ratification and approval of
theÿ termsÿ andÿ conditionsÿ byÿ theÿ shareholdersÿ ofÿ theÿ company,ÿÿ the
shareholders of Tidelands and the appropriate regulatory authorities having
jurisdiction over the affairs of the company.
WARNING:ÿÿ Theÿÿ companyÿÿ reliesÿÿ uponÿÿÿ litigationÿÿÿ protectionÿÿÿ for
"forward-looking" statements.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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