SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Postman who wrote (1798)2/11/1999 8:00:00 PM
From: Leigh McBain  Read Replies (1) of 2011
 
And you guys thought I was kidding when I said they really were still trying to do business. The engineering work on this one has been in the works for a very long time. It's nice to see it turn into reality. This is one that I thought they may have been intentionally sitting on.

Salut,
Leigh McBain

WESTREND NATURAL GAS INC. ("Westrend")
Symbol: WRN.V
U.S. Pink Sheets: WTNG/F

February 10, 1999

PRESS RELEASE

Further to earlier press releases, Taylor Rig, LLC, a subsidiary of Westrend, has received a firm purchase order from an Alaskan concern for an Arctic Custom 1000 Hp Drilling Rig which is a newly designed portable drilling rig for use in extremely cold environments. The total sale price of the drilling rig is CDN $3.3 Million. A non-refundable deposit was received on February 1, 1999 and the balance of the 3.3 Million will be paid in tranches with the final payment and delivery of the portable drilling rig scheduled for July 1, 1999.

Westrend currently holds a 72.5% equity interest in Taylor Rig, LLC. Negotiations have been in progress whereby Westrend may sell part of their interest for cash.

On behalf of the Board of
WESTREND NATURAL GAS INC.

Per:

"Stephen Winter"
Director
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News