Sunset Island Group Signs LOI To Acquire Oil Field
October 15, 2008 - Posted in Oil and GasSunset Island Group announced that it has signed a letter of intent to acquire several oil and gas leases in Texas.
The leases, located in southwest Texas, will cover approximately 26,000 acres in the Maverick Oil Basin. “We feel very pleased to be able to acquire a property in such a rich oil and gas producing area,” states Arnold Levine, Sunset Island Group CEO. “We are finishing up our due diligence and believe that we will be able to finalize funding and close on this acquisition shortly.”
The company also stated that upon completion of its due diligence of the Matagorda properties, the company has declined and will not acquire the property.
October 16th, 2008 at 6:10 am
A four mile deep well on ticker AVOA,Avoca Island has been drilled 18,000 feet and continues.The objective is 50 billion cubic feet of gas.
October 16th, 2008 at 6:12 am
Reserve petroleum,ticker rsrv has paid 40 dollars of dividends for this year with earnings expected to be 90 dollars per share,The cash hoard is about 105 dollars per share with production primarily in Texas.
October 16th, 2008 at 6:14 am
China Industrial Group,Inc.,ticker CIND has offices in Wan Chai,Hong Kong.
October 31st, 2008 at 10:43 am
china industrial group,inc. has legal agent, incorp services in denver,colorado.Their internet site is agoracom,china industrial group,inc.ticker cind. For their corporate movie go to…you tube…sweater factory,south china.