OK, Here it is everybody. Suggestions/Revisions? I would probably put most of the body of it as the first response so we wouldn't have to page down through it all the time.
NPEC NP Energy Corporation
NASDAQ BULLETIN BOARD SYMBOL (NPEC)
Corporate offices in southern California and Vancouver, B.C.
The properties are as follows:
1)Chile Copper/Silver/Gold (Mina Claudia). 20% stake. Partners are MXR(Vanc)-20% and Last Frontier Oil-60%. Estimated tonnage "greater than 50 million metric tonnes". Most assays (from grab, bulk and reverse circulation drilling) returning >2% copper. Significant additional areas to be explored and drilled that are expected to dramatically increase reserve estimate. The property consists of approx. 2000 hectares, with plans for expansion. The property is held by a Last Frontier Chilean subsidiary, Sierra La Plata S.A.
2)Chile Gold (Andacolla)-20% stake. Partner is Last Frontier with
80%. Current proven and probable reserves are >6 million tonnes ore at over 1g/t; "La Colorada" property (one of the claims) estimated at >1 million troy ounces. Again, significant upward revision of reserves are expected. This property is next to Dayton Mining, and includes a high grade milling facility.
3)Ecuador oil- 15% stake. Producing, current estimates around $500,000 profit per month, last released figure is from July for $231,000 profit. Some of this has to go to paying off acquisition and future development costs. The property provides MAJOR cash flow to NPEC. Production has been steadily increasing each month.
4)Indonesia Gold- 20% stake. Partners are X-Chequer Resources (XCR-Montreal) and Consolidated Dencam (CMO-Van.) Still an early exploration property. NPEC's 20% interest results from a finder's fee and involves no cost for exploration and development up to the first $500,000 spent. After that NPEC will share 20% of expenses.
This property is located squarely in the BRE-X "gold belt" on the Island of Kalimantan, between the producing properties of Mt. Muro and Kelian. The partners recently approved a further exploration program on this property to supplement our recent geological surveys
5)CISCO DOME GAS AND OIL FIELD, Utah- Operations provide 1% to
50% income depending on the well, providing additional cash flow for NPEC expansion.
6)NPEC Holds a 66 2/3 % interest in a Washington State Silver property of over 2000 acres with production plans for '97.
7)METROPLUS COMMMUNICATIONS CORPORATION- A Long Distance Supplier to business and industry in lower B.C. CANADA. The network is expanding with acquisitions completed in '96 and plans for more in '97. This operation is profitable and provides addiotional cash flow monthly to NPEC, which owns 100% of Metroplus.
Approximately 64.5 million NPEC Outstanding, some preferreds still
out that, upon conversion, could raise the number to about 67 million, the preferred are callable by the company pre-conversion.
100 million authorized.
NPEC owns 5,000,000 shares of common stock in Last Frontier Oil Company.
Total Shares of LFOC-- 11.2 million.
The following thread contains the news releases:
Subject 7687
This is the old NPEC thread:
Subject 7460
Key NPEC personnel,
President: Larry Regis Jr.
CEO, Secretary & Treasurer: Les Price
Directors: Mr. Jack Ginn, Mr. Larry Regis.
Contacts:
Dave Diricco, Investor Relations. 415-261-9608
Vancouver B.C. Business Office (604) 981-3083 FAX (604) 985-4734
American Transfer and Registry, Transfer Agent. 801-363-9065.
Fiscal Year End is March 31. |
