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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Salt'n'Peppa who wrote (2429)	5/11/1999 7:17:00 PM
From: Roman S.	Respond to of 15703

Here you go!!! The quiet is deafening for ELH! HILTON PETROLEUM LTD. - Proceeding with Formal Transaction Document [108] Canadian Market News from Market News Publishing, Tuesday, May 11, 1999 at 09:19 Donald W. Busby, Chairman of Hilton Petroleum Ltd. (the "Company" or "Hilton"), further to the Company's news release announcing its participation for a 7% interest in the Greater San Joaquin Joint Venture, the Company is proceeding with the preparation of a formal documentation to effect the transaction. As part of the transactions announced March 8, 1999, the Company will receive 1,160,000 common shares of Trimark Oil & Gas Ltd. and US$2.0 million. These transactions are subject to acceptance for filing by the regulatory authorities. The Company has significantly expanded its exploration and development efforts in the San Joaquin Basin of California with an 11.43% interest in the East Lost Hills joint venture and a 7% interest in the Greater San Joaquin Basin joint venture. A significant exploration and development program has been developed for these joint ventures. TEL: (604) 685-9316 Donald W. Busby, Chairman (c) 1999 Market News Publishing Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041.