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To: SSP who wrote (103973)4/24/2002 6:08:59 PM
From: Rocket Red  Read Replies (1) | Respond to of 150070
 
Slow and steady is fine by me as long as it keeps unfolding and where headed upwards not downwards!



To: SSP who wrote (103973)5/1/2002 10:32:13 PM
From: Rocket Red  Respond to of 150070
 
TETON PETROLEUM CO - News Release - 2002-03-20 21:30
Teton Petroleum's Siberian Production Passes 4,000 Barrels a Day and Torch Energy Advisors Forecasts Earnings for Teton for 2002

Teton Petroleum's Siberian Production Passes 4,000 Barrels a Day and
Torch Energy Advisors Forecasts Earnings for Teton for 2002

STEAMBOAT SPRINGS, Colo., May 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- Teton
Petroleum Company (OTC Bulletin Board: TTPT; Frankfurt: TP9) announced today its
field production in Western Siberia has increased to 4,080 barrels of oil per
day, net to Teton 1,020 barrels a day.

The company completed Well #600 successfully and the well is flowing 730 barrels
a day. The company is also completing well #601, #602 and #40-P over the next
month, which will add additional production to the company. Further information
will be forthcoming.

"We are extremely happy to have increased our field production from 500 barrels
of oil per day in 2001 to 4,082 barrels a day in 2002. This sends a positive
message to the market that we are following our business plan in Russia
successfully," said Teton's President H. Howard Cooper.

In addition, Torch Energy Advisors completed a research report that forecasts
projected earnings for 2002 of $0.02 a share. This report is available on their
website www.teai.com . Teton is targeting total revenues of approximately $5
million with net income of approximately $700,000, or $0.02 per share, for 2002.

Teton reported revenues of $1,625,000, compared to $1,675,000 in revenues for
the year ended December 31, 2000. The company reported a net loss of $1,742,000
for 2001, or ($0.06) per share, compared to a loss of $2,957,000, or ($0.17) per
share, for 2000.

"Our achievements in 2001 have positioned our company for future profitability.
We attained significant increases in production and reserves as a result of our
investments in drilling and completing the new wells and by expanding our
pipeline infrastructure in 2001," said Teton's Chief Financial Officer Tom
Conroy. "We also became a fully reporting company with the U.S. Securities and
Exchange Commission and received our listing on the OTC Bulletin Board during
the year."

Oil is being pumped through a 40-kilometer pipeline, which was completed in June
2001, to the DNS-32 processing and separating facility in Samotlor Oil Field,
Western Siberia, and Russia. The company expects to complete its own DNS
processing and separating facility in the fourth quarter of this year, which
will enable the company to reduce its production cost significantly.

Teton is an oil and gas exploration and production company which conducts its
active business solely through a 50 percent ownership interest in Goltech LLC, a
Texas limited liability company, which, in turn, operates solely through
ownership of 70.59 percent interest in Goloil, a Russian closed joint stock
company. Goloil owns the Eguryak license in Western Siberia. According to a
reserve audit prepared by Gustavson Associates, Inc., the Eguryak license
contains 41.96 million barrels of proven reserves net to Teton. Additional
information about Teton is available at its website, www.tetonpetroleum.com .

This press release may make forward-looking statements, which are subject to
various uncertainties and risks that could affect their outcome. Factors, which
could cause or contribute to differences include, but are not limited to,
economic conditions, product demand and sales, interest rates, foreign currency
exchange rates, competition and competitors' actions, and changes in the
petroleum industry. Please refer to the company's 10-K, 10-Qs and other SEC
filings for a more detailed discussion of the risks. This press release does not
constitute an offer to sell or solicitation of an offer to buy Teton Petroleum
securities.

MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com

SOURCE Teton Petroleum Company

CONTACT: H. Howard Cooper, President of Teton Petroleum Company,
+1-970-870-1417, tetonpetroleum@mindspring.com; or INVESTOR RELATIONS: USA:
CTA Public Relations, +1-303-665-4200 or +1-800-959-9677, greg@ctaonline.com,
or CANADA: Current Capital, +1-416-860-0211 or +1-877-859-5200,
john@currentcapital.com, or AUSTRIA, SWITZERLAND, GERMANY: Rudolf Heinz
(49) 69-970-9130, rudolf.heinz@planet-interkom.de

URL: teai.com
tetonpetroleum.com
prnewswire.com

Copyright (C) 2002 PR Newswire. All rights reserved.

-0-

KEYWORD: Colorado
INDUSTRY KEYWORD: OIL
OTC
SUBJECT CODE: ERP

STOCK SYMBOLS: [(ttpt)]



To: SSP who wrote (103973)5/4/2002
From: Jim Bishop  Read Replies (1) | Respond to of 150070
 
Message 17413120

Message 17413133

Message 17413156



To: SSP who wrote (103973)5/10/2002 12:44:14 PM
From: Jim Bishop  Respond to of 150070
 
Industrial Minerals Inc. Announces Symbol Change And New Board of Directors

TORONTO--(BUSINESS WIRE)--May 10, 2002--Industrial Minerals Inc. announced today that effective Monday, May 13, 2002 its trading symbol will change to INDM (OTCBB:INDM - News) from PNWW (OTCBB:PNWW - News).

Industrial Minerals Inc. also wishes to announce the following individuals to its new Board of Directors (all previous directors have resigned):

President and Director -- EDWARD V. VERBY, age 59, in 1963 earned his Bachelor of Commerce degree from Loyola College in Montreal with a major in economics. From 1963 to 1991 he worked in the tire industry retiring from Uniroyal-Goodrich Canada, Inc. where he held the position of Vice President of Sales. Mr. Verby became a director and later President of Great Lakes Nickel Limited in 1991 resigning both positions in December of 2001.

CFO, Secretary-Treasurer and Director -- JOHN MELNYK, age 53, studied Business Administration and Commerce at the University of Alberta from 1970 to 1974. From 1974 to 1994 he worked in management and sales in the photography industry, including ownership in a photo finishing lab which he sold in 1994. From 1994 to the present he has been a self employed business consultant. Mr. Melnyk also served as the President and a director of Murphy's Investment Corp. a privately held Corporation. He resigned his position in March of 2002.

Director -- STEPHEN W. WEATHERS, age 41, earned his B. S. in Geology from Boise State University. He has worked as an environmental geologist both in the mining industry and the oil and gas industry. His duties included permitting, environmental compliance, environmental remediation/reclamation and natural gas asset acquisitions both in the United States and Canada. Mr. Weathers worked for Maxxim Environmental/Terracon from 1997 through 1999 and presently works for a Duke Energy Field Services which is a natural gas processing company (1999-2002). Mr. Weathers also serves as a director of Sun River Mining, Inc.

Industrial Minerals Inc. owns 100% of the undivided interest in the Bissett Creek Graphite patented mineral lease located in Maria Township in Southern Ontario, Canada. The property is comprised of 28 patented claims covering an area of approximately 504 hectares (1,245 acres). It has been the subject of substantial earlier exploration drilling, trenching and metallurgical test work by KHD Canada, Kilborn Engineering, Pincock Alan and Holt and Cominco Engineering Services. Industrial Minerals also holds the rights to produce graphite using a patented dry production process.

Disclaimer: Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements.

--------------------------------------------------------------------------------
Contact:

Industrial Minerals Inc., Toronto
John Melnyk, 416/979-4621