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Microcap & Penny Stocks : Aladdin Oil Corporation (OTC BB: ADDN) -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (10)7/6/1999 1:05:00 PM
From: White Knight  Read Replies (1) | Respond to of 16
 
Dear Glenn:

Thank you for your efforts in simply recounting the contents of the proxy statements, as filed by Buffalo Capital V/Aladdin Oil Corporation.

Aladdin Oil Corporation needs to spend up to a total of $5 million dollars to perfect, permit and commence drilling the Salt lake field, in order to potentially add $70 million dollars worth of new oil and gas production to its asset base. ( A return ration of 14 to 1 )

Aladdin Oil Corporation is currently in the process of putting that play together. With only about 5 million shares outstanding, that could potentially be a bonanza to Aladdin Oil's shareholders.

In addition,this is being done,while Aladdin Oil Corporation is aggressively working on acquisitions of currently producing oil and gas properties. (See Aladdin Oil's last news release.)

Once again, I thank you for your erudite summation of the proxy letter.