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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus who wrote (20727)	2/23/2005 1:30:55 PM
From: Lazarus	Read Replies (1) \| Respond to of 78760

more on RMMI go to their website and read about what is going on. this from the website: SETTLEMENT OF SALE TO BHP BILLITON OF WA-322-P The Exmouth Joint Venturers (Octanex N.L., Strata Resources N.L. and Rocky Mountain Minerals, Inc.), have concluded and settled an agreement with BHP Billiton Petroleum Pty Ltd (“BHP Billiton”) for the sale of WA-322-P to BHP Billiton. Conditions precedent, including the confirmation by the Designated Authority of a revised Minimum Guaranteed Work Program, all necessary approvals, registrations and filings, have all been obtained. A full 100% working interest in Permit WA-322-P has now been assigned to BHP Billiton. In return BHP Billiton are to provide for the acquisition and processing of a 55 kms2of 3D seismic in the Exmouth Joint Venture’s adjacent permit, WA-329-P, have provided a cash reimbursement, a deferred contingent cash payment, and the grant of an overriding royalty interest with respect to any production from WA-322-P to the Exmouth Joint Venturers. Interests in the Exmouth Joint Venture and the receipt of the consideration are: Octanex N.L. - 37% Strata Resources N.L. - 37.5% Rocky Mountain Minerals, Inc. - 25% E.G. Albers Chairman Melbourne, Australia 25th June 2004 _________________ NOW LOOK AT THE MAP AND SEE HOW BIG THOSE LEASES ARE: rockymountainminerals.com OK NOW GO AND SEE WHO THE HECK BHP Billiton IS are they some rinky dink little penny oil players??? NOT: they have more than 100 operations going in 20 countries and employ about 35000 people. there stock trades on the AU stock exchange at around 18 bucks GO HERE FOR THEIR WEBSTIE: bhpbilliton.com but please - i have given you an quick synopsis. TAKE THE TIME TO READ THE WHOLE THING. Lazarus