Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: musicguy who wrote (25224)	6/15/1998 10:56:00 AM
From: WVMayor	Read Replies (1) \| Respond to of 34592

EDII news out... looks good... ----------------------------------- Monday June 15, 10:31 am Eastern Time Company Press Release Energy Drilling Industries Inc. Wholly Owned Subsidiaries, Brenham Oil & Gas Inc. and Texas Real Estate Enterprises Inc. Acquire Properties and Minerals KEMAH, Texas--(BUSINESS WIRE)--June 15, 1998--Energy Drilling Industries Inc. (OTCBB:EDII - news) announced today its wholly owned subsidiary, Brenham Oil & Gas Inc. signed an agreement to acquire more oil and gas royalties in the Eberle Field in Brenham, Texas. The mineral royalties are being purchased with restricted shares of EDII common stock. The royalties are free and clear of any encumbrances. Also, its wholly owned subsidiary, Texas Real Estate Enterprises Inc. acquired two properties; (1) approximately 740 acres in Chambers County and (2) approximately 25 acres in Harris County, Texas. Both properties were acquired for restricted shares of EDII common stock and cash. Both are free and clear of any encumbrances. The company's previously announced acquisitions are being finalized. Energy Drilling Industries Inc. has five divisions: industrial, financial, oil and gas, real estate and entertainment. Energy Drilling Industries Inc. assists its subsidiaries vertically, to build each division in its own field. Contact: Investors Relations Growth International, 718/951-0260