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Technology Stocks : Blank Check IPOs (SPACS) -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (1551)	2/1/2008 11:10:30 AM
From: RockyBalboa	Respond to of 3862

Multi Shot... next time I check earlier. BLACK WARRIOR WIRELINE CORP The Company has entered into an agreement (the "Agreement") dated June 3, 2004 with Multi-Shot, LLC, a Texas limited liability company, to sell the assets of the Company associated with its business of directional drilling, downhole surveying, measurement while drilling, steering tools and drilling motor rentals to oil and gas operators (referred to as the "Multi-Shot Business"). The purchaser of the Multi-Shot Business under the Agreement is a newly organized Texas limited liability company, with the name Multi-Shot, LLC, which includes among its members Allen Neel, currently the Executive Vice President of the Company, The purchase price for the Multi-Shot Business is $11.0 million, of which approximately $10,382,000 is payable in cash and approximately $618,000, calculated as of May 31, 2004, is payable by assignment by the Key Multi-Shot Employees of their claims that may be due under their employment agreements with the Company to change of control payments in that aggregate amount. ....................... About Multi-Shot, LLC Based in Conroe, Texas, with operations in multiple states, Multi-Shot, LLC provides directional drilling services with an established presence in most major onshore producing oil and gas basins in the U.S. Since its inception in 1980, the company has developed into a leading independent service provider that employs a highly skilled and experienced labor force. The company owns and operates equipment of the highest standards and maintains a diversified customer base that includes large U.S. independent exploration and production companies.