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Gold/Mining/Energy : POE:VSE PAN OCEAN EXPLORATIONS INC. -- Ignore unavailable to you. Want to Upgrade?

To: Jim Bishop who wrote (124)	5/6/1999 3:44:00 PM
From: CIMA	Read Replies (2) \| Respond to of 277

From speaking with the company they said a deal was in place to gain a 50-50 share of some Texan oil properties held by a private company, Altura, which is owned by Shell and Mobil. Altura is the largest oil company in Texas, so these are big boys. Apparently $50M of financing was involved and POE was cut out of the deal at the last moment, hence the lawsuit. I know Charger was in POE's Vancouver office some time ago working on a deal, this must have been it.