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Gold/Mining/Energy : Stanford Oil & Gas (SOG was STB) -- Ignore unavailable to you. Want to Upgrade?

To: Flea who wrote (158)	11/16/1998 6:45:00 PM
From: Flea	Respond to of 196

Stanford Oil & Gas Ltd SOG Shares issued 12,982,959 Nov 13 close $0.65 Mon 16 Nov 98 Acquisition Also Hilton Petroleum Ltd (HTP) The VSE has accepted for filing documentation pertaining to an exploration agreement dated Jan. 30, 1998, among STB Energy (STB), a subsidiary of Stanford Oil & Gas, Armstrong Resources LLC (Armstrong), PYR Energy, Berkley Petroleum, Paramount Resources, Westminster Resources, Bellevue Resources, Richland Petroleum, Ceniarth, and Prima Energy Corp. The exchange has also accepted for filing two assignment agreements dated May 29, 1998, between STB and Hilton Petroleum Inc. (Hilton), a wholly owned subsidiary of Hilton Petroleum Ltd., and between STB and KOB Energy Inc. (KOB). Pursuant to the terms of the agreements, STB, Hilton, and KOB will each acquire a 4.92 per cent working interest in the East Lost Hills gas prospect in Kern County, California. In consideration, STB, Hilton, and KOB will each pay to Armstrong $213,146 (U.S.) for land acquisition costs, and will each pay 6.56 per cent of the costs to drill the initial well on the prospect, which has an estimated total cost of approximately $6-million (U.S.).