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Gold/Mining/Energy : Westrend Natural Gas - I.D.E. Hot Stock -- Ignore unavailable to you. Want to Upgrade?

To: Leigh McBain who wrote (1297)	3/31/1998 6:59:00 AM
From: Sapper	Respond to of 2011

News Release: Taylor Rigs completes two rigs for Indonesia Westrend Natural Gas Inc WRN Shares issued 18,885,569 Mar 30 close $0.80 Tue 31 Mar 98 News Release Mr Mark Roberts reports Taylor Rigs, LLC has completed two of the four rigs to be shipped to Indonesia and within the next three weeks the other two rigs will have been completed. All rigs will be shipped together at which point final payment will be received from Radiant and one other purchaser. Arising from reported negotiations, Taylor Rigs has received an order for another two carriers from Phalling. Management views this development as setting the stage for a continuing carrier business that will be run as a separate division. Having demonstrated the expertise and quality controls to build carriers, Taylor has now commenced a marketing program to expand the client base for this business. Taylor Rigs management has also met with a Wyoming based concern which is interested in purchasing four 350 rigs and one 550 rig, with accessories. The gross value of the contract is approximately US$4 million. Concurrently, management is working with Superior Auctioning of San Antonio, Texas, a significant oil and gas equipment appraiser which has many financial institution affiliations, and with Norwest Bank to set up a 100% lease/purchase rig financing program for Taylor Rigs. Financing would be subject to the financial strength of each lessor/purchaser. These parties are reviewing the financial statements of the prospective Wyoming purchaser for the purposes of financing the transaction. Management believes that if such a financing program is established, domestic rig sales would escalate. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com