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.
Microcap & Penny Stocks : oil patch survivors
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext  
To: Richard Saunders who wrote (11)3/25/1999 2:57:00 PM
From: Professor Dotcomm   of 13
 
Just saw that KWE have made another acquisition. Its a private company called Sequoia Exploration & Development. Cost is $5.27 million for which they will issue 7.3 million KWE shares. Sequoia has cash of $4.3 million and oil & gas reserves valued at $1.2 million.

This must bring cash up to around $25 million but the reserves, I think, are too small to reinstate TSE trading.

Although this is a pretty minuscule acquisition, the terms are reassuring and indicate that management have a good and clear focus.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 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