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

To: Robert J. Mifsud who wrote (1584)	8/13/1998 1:20:00 PM
From: Outlaw	Respond to of 2011

Silence makes no sense to me. Given that management / insiders have the largest stake in the company, isn't it in their best interest to constantly be promoting the stock? I'm not talking the usual sleazy VSE promotion, but just regular news releases, updates, etc. Not only does a low share price hurt their own personal stake, but it makes it far more costly and difficult to raise capital (the reduction in warrant exercise prices), and a share price that seems to keep dropping with no end in sight simply because of neglected communications is the easiest way to turn off potential investors, me included, not to mention creating a group of disillusioned shareholders like many of you here. My only advice would be to find out when the company AGM is, and if there's any way that any of you can attend (I assume it would be in Texas), do it and rake Mr. Roberts over the coals for everything he's (not) doing.

To: Robert J. Mifsud who wrote (1584)	8/13/1998 1:29:00 PM
From: Gene Veinotte	Read Replies (1) \| Respond to of 2011

The missing link. Note the final paragraph concerning the financial statements. Canada Stockwatch seems to be editing these again. WESTREND NATURAL GAS, INC. 9311 San Pedro, Suite 1130 San Antonio, Texas 78216 ("Westrend") 1-210-308-7360 For Investor Relations Contact: Roger Fullerton Symbol: WRN.V 612-929-7243 U.S. Pink Sheets: WTNG/F August 12, 1998 PRESS RELEASE Further to our press release of March 18, 1998, Westrend confirms that the proposed transaction between International Rigs and Services, a Texas corporation, and Westrend is not proceeding as announced. However, the management of Westrend is pursuing a different approach to the International Rig transaction, which was to acquire an equity interest in Skytop Brewster in order to facilitate the primary objective of a joint venture between Taylor Rig LLC and Skytop Brewster. Skytex International, a company that has its shares quoted for trading on the over the counter bulletin board in the United States with the trading symbol of SKTX, acquired the Skytop Brewster interest under option from International Rig and directly acquired an additional interest in Skytop Brewster, a rig manufacturing business located in Victoria Texas, wherein it now holds a majority interest in Skytop Brewster. Westrend's key objective has been and continues to be to joint venture the operations of Taylor Rig with Skytop Brewster. The advantages of such a joint venture are important and extremely beneficial, in management's opinion, to the ongoing business and growth of Taylor Rig. These advantages include the ability to access Skytop's API manufacturing facility in order to deliver API rated service and drilling rigs to its existing and potential clientele. Further, the common sales staffs of these two corporations, manufacturing facilities, paint facilities, design capabilities and the combined effort enables Skytop and Taylor Rig, as joint venturers, would result in the parties enjoying a strong competitive advantage in the international service and rig manufacturing business. Skytex management and Westrend management have been in close contact and discussions for some months now and both management teams realize the valuable synergy that this proposed joint venture would create. Oscar Taylor and Brett Taylor currently own 27.5% of the outstanding units of Taylor Rig leaving Westrend owning the remaining 72.5% which it has now finalized and paid for. Oscar and Brett Taylor have signed a letter of intent and are currently negotiating a final agreement whereby they will sell their units in Taylor Rig for cash and stock from Skytex International. Pursuant to a shareholder agreement between the parties, the management of Westrend has decided to allow this transaction to occur subject to, at a minimum, there being a signed joint venture agreement between Taylor Rig and Skytop Brewster. The terms and conditions of this joint venture will be announced as soon as they are finalized. Further, the management of Skytex is currently negotiating with the Board of Directors of Westrend to purchase an additional interest in Taylor Rig from Westrend. These negotiations have been ongoing. Westrend's management are excited about this transaction and its potential and will release additional information as it is finalized. Management are also pleased to confirm that the audited financial statements for the Company have been completed, and the auditors and transfer agent are in the process of completing regulatory filings. Management also expect that the first quarter financials will be completed by the end of this week. On behalf of the Board of WESTREND NATURAL GAS, INC. Per: "Mark Roberts" Mark Roberts, President and Director THE VANCOUVER STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENTS OF THIS PRESS RELEASE.