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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: Tod C who wrote (6400)	7/28/1998 10:46:00 AM
From: sandstuff	Read Replies (1) \| Respond to of 11684

It's more proof that MTEI is following through with what they said they were doing... From yesterday's press release... "Basic growth, in the oil business, means increasing the number of leases or properties in possession. It is elementary that you must acquire ''locations'' that are geologically qualified if you are to extract hydrocarbons. This is currently the thrust of Mountain Energy's activity because today's markets lend themselves to acquisition. We are in a basic growth period." and then from today's press release... "Mountain Energy Inc. (MTEI) has negotiated final terms for the purchase of approximately 3,000 acres of oil and gas leases in Texas. An agreement in principle has been reached and all parties expect to close within the next ten days." sandstuff