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Microcap & Penny Stocks : Rentech(RTK) - gas-to-liquids and cleaner fuel -- Ignore unavailable to you. Want to Upgrade?

To: gamesmistress who wrote (13579)	2/15/2000 2:15:00 PM
From: Howard Williams	Read Replies (2) \| Respond to of 14347

Not-so-good-news re Esperance........ Under the heading of "All the news that's fit to print (good or bad)", I just found this press release issued by Hillcrest Resources a week ago last Friday (see below). One of those late Friday P.M. sort of things. This severely reduces the "possible" status of Esperance IMHO. TX saying they don't want to have an equity interest in Esperance but "is still committed to licensing and providing technical support to the Esperance Power Project" is every bit as convincing as Brown & Root's similar stance with SYNM's Sweetwater .............. i.e., thanks but no thanks (as far as being an equity partner goes). Anyway, that's the way the ball bounced on Esperance. Fortunately RNTK has six others. BTW, CMS Energy has a press release out today about "waning Opportunities in Australia". No consolation, but maybe related. "HILLCREST RESOURCES NL 2000-02-04 ASX-SIGNAL-G HOMEX - Perth +++++++++++++++++++++++++ JOINT DEVELOPMENT AGREEMENT Hillcrest announces that Texaco Development Corporation (Texaco) have advised today that they have determined that the Esperance Power Project does not fit into their current strategy for equity investments and therefore they do not wish to proceed with negotiations to take an equity position in the project. Texaco has confirmed however that it is still committed to licensing and providing technical support to the Esperance Power Project. STAGE TWO OF THE APEC AGREEMENT Hillcrest has previously advised that it had exercised its right to move to Stage 2 of its agreement with APEC. At the completion of the second stage Hillcrest will give consideration to alternative participants in the project who until now have not been pursued due to the Texaco negotiations. Further information may be obtained by contacting either Mr John W Barr or Mr Alan Van Noort at the Hillcrest office. A Van Noort CHAIRMAN"