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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed
MTEI 0.003600.0%Jan 13 3:48 PM EST

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To: Westerkirk who wrote (6274)7/28/1998 10:13:00 AM
From: Westerkirk  Read Replies (1) of 11684
 
Mountain Energy Inc. Makes Announcement
July 28, 1998 09:56 AM

HOUSTON--(BUSINESS WIRE)--July 28, 1998--The recent announcement by the Canadian Energy Company, North Star, concerning the purchase of Mountain Energy, was not referring to Mountain Energy Inc. MTEI of Houston, Texas. MTEI is currently attempting to contact the management of North Star, to request a public statement clarifying this matter.

Mountain Energy Inc. (MTEI) has negotiated final terms for the purchase of approximately 3,000 acres of oil and gas leases in Texas. An agreement in principle has been reached and all parties expect to close within the next ten days.

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