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.

Non-Tech : Secret Squirrels hit! -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (2751)	11/24/1998 1:44:00 PM
From: Tim85gt	Respond to of 12872

Check out BICO volume up, news out and last time it ran and hit 5/16. tradepbs.com worth a look at 3/32 now Tim85gt

To: Wayne Rumball who wrote (2751)	11/24/1998 1:44:00 PM
From: AKAPAK	Respond to of 12872

Also spotted a post of him "liking TSIM" today. <eom>

To: Wayne Rumball who wrote (2751)	11/24/1998 3:41:00 PM
From: DR. MEADE	Read Replies (1) \| Respond to of 12872

Tuesday November 24, 2:58 pm Eastern Time Company Press Release Santa Elena Project Announcement LAKE ELSINORE, Calif.--(BUSINESS WIRE)--Nov. 24, 1998--The directors of NP Energy Corporation (OTC BB:NPEC - news; OTC-BB:MDIN - news) are pleased to report that through the Corporation's counsel, the corporation is actively engaged in negotiations with BPZ & Associates, the brokers of the Santa Elena Project. The purposes for these discussions are twofold: (1) they are hoped to settle the claims of, and to produce the recovery of the damages suffered by, NP Energy in connection with the aborted attempt to acquire participation in the Santa Elena Project, and, at the same time and as a part of the resolution of the dispute; (2) to obtain a development opportunity that will attain the profitability originally envisioned for the Santa Elena Project. As a part of this process, counsel for BPZ & Associates is providing for NP Energy's consideration, new business opportunities. Of course NP Energy will conduct a thorough evaluation of any such proposals, bearing in mind the sources from which they come. In the meantime, BPZ & Associates has agreed to a written ''tolling agreement,'' in which the selected, potential defendants in NP Energy's suit regarding the Santa Elena Project have agreed to preserve (by extending the statues of limitations) NP Energy's claims against them. Such agreements have been determined to be enforceable under Texas law, and will provide NP Energy additional time to review new prospects in conjunction with a settlement of these claims. When, or if, a suitable proposal is made in regards to the resolution of this dispute, or when a project that withstands the corporation's due diligence inquiry, further announcements shall be made. If there is not a resolution satisfactory to NP Energy by the final conclusion of the tolling agreement, then suit will be initiated. ------------------------------------------------------------------------ Contact: NP Energy Corporation Investor Relations 1-888-572-0170 ------------------------------------------------------------------------ More Quotes and News: •Medinah Energy Inc (OTC BB:MDIN - news)•NP Energy Corp (OTC BB:NPEC - news) Related News Categories: oil/energy ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright © 1998 Business Wire. All rights reserved. All the news releases provided by Business Wire are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving ina public database, redistributing via a computer network or in a printed form. See our Important Disclaimers and Legal Information. Questions or Comments?