BNP Petroleum Corporation Acquires Three Properties in North Texas
06 Janeiro 2005 - 3:24PM
PR Newswire (US)
BNP Petroleum Corporation Acquires Three Properties in North Texas
IRVING, Texas, Jan. 6 /PRNewswire-FirstCall/ -- BNP Petroleum
Corporation (OTC Pink Sheets: BPET) (BPET.), an independent oil and
gas company, announced today that it has completed the acquisition
of three leases in North Texas. Each of the properties has a
history of production and has existing well bores available for
reentry and numerous other wells that were previously abandoned and
plugged by medium and large size oil and gas companies. These
properties are the beginning of BNP Petroleum's acquisition and
rework strategy. Over the coming months, BNP Petroleum will focus
on refitting the properties and putting wells on line to create
income. Kimberly Tiemersma, BNP President said, "These initial
acquisitions begin to build our natural energy reserve base. We
will continue to acquire properties and bring our wells on line
throughout 2005 in order to establish and increase our revenue."
About BNP Petroleum Corporation: Headquartered in Irving, Texas,
BNP Petroleum Corporation is a publicly traded independent oil and
gas company. The company is acquiring oil and gas leases, producing
properties, mineral rights, and surface interests in Texas. Once
acquired, the company intends to develop each property to maximize
the income from each property by re-establishing production,
refurbishing and improving the existing production and operations.
Forward Looking Statements: The statements which are not historical
facts contained in this release are forward looking statements that
involve risks and uncertainties, including but not limited to, the
effect of economic conditions, the impact of competition, the
results of financing efforts, changes in consumers' preferences and
trends. The words "estimate," "possible," and "seeking" and similar
expressions identify forward-looking statements, which speak only
to the date the statement was made. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, because of new information, future events, or
otherwise. Future events and actual results may differ materially
from those set forth herein, contemplated by, or underlying the
forward looking statements. The information herein is subject to
change without notice. BNP Petroleum Corporation shall not be
liable for technical or editorial errors or omissions contained
herein. DATASOURCE: BNP Petroleum Corporation CONTACT: Lori
Argenbright, Investor Relations of BNP Petroleum Corporation,
+1-214-687-0000 Extension 226
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