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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (83207)	2/11/2003 2:38:03 PM
From: Taki	Respond to of 122087

Amazing what small floats do to a stock.Up down, and up and down.Weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

To: Taki who wrote (83207)	2/12/2003 1:18:04 PM
From: StockDung	Respond to of 122087

Subj: NEWS OUT USPT Date: 2/12/2003 9:38:54 AM Pacific Standard Time From: XcelAlert@aol.com To: AlertDigest@XcelAssociates.com Sent from the Internet (Details) U.S. Petroleum Corporation Announces Stock Split and Oklahoma/Alaska Update Wednesday February 12, 11:00 am ET VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 11, 2003--U.S. Petroleum Corporation ("the Company") (Pink Sheets: USPT - News) today announced a 25-for-1 forward split of the Company's outstanding common stock. The Record Date will be close of business February 28, 2003. With only 40,346 free trading shares in issue and a growing interest in the Company's stock, management is of the belief that this forward split is in the best interests of the Company's shareholders. Post split, the Company will have 27,265,650 ordinary common shares issued and outstanding of which 26,257,000 shares will be restricted and 1,008,650 shares will be free trading. This new capital structure also will allow the Company to seek a National Exchange Listing. OIL & GAS OPERATIONS In addition to the major Texas oil project announced Monday, February 10, 2003, the Company continues to be active in the States of Oklahoma and Alaska. OKLAHOMA Recently drilled gas wells in the Company's current area of operations in Oklahoma produce anything from 125 - 750 thousand cubic feet ("MCF") per day. At an illustrative $6/MCF and a 5% overriding royalty interest, each successful well here could produce revenues of $1,125 - $6,750 a month to the Company. Regarding the two existing drilling programs, the Company expects four wells on the Senora Prospect and five wells on the Redfork Prospect. The first well on the Senora Prospect already has been successfully drilled and completed and the second well is expected to be drilled next week; the first well on the Redfork Prospect already has been successfully drilled and the second well is expected to be drilled next month. Regarding future drilling programs, the Company owns six other Oklahoma prospects where it is discussing farmouts with industry operators. The top priority is the South Brook Gas Prospect which is directly offset to the Jimboy # 1, a well which came in with an initial production rate of 7.5 million cubic feet of gas per day - equivalent to $45,000 a day at a $6/MCF gas price. The Company intends to acquire further Oklahoma gas prospects.