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CSJJ Expanding into the Oil Business
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[QUOTE]Originally posted by matto: [QB] some new info!!!!!! its time to buy!!!!!!!!! Coastal Holdings Inc acquires working interest in development of oil well 10/10/2005 Oct 10, 2005 (M2 EQUITYBITES via COMTEX) -- Coastal Holdings Inc (OTC:CSJJ.PK), announced on Friday (7 October) that further to the MOU signed on 27 September 2005, it has finalised a purchase agreement with BDT Energy Producers Inc, an owner of oil producing wells, to acquire a working interest in a development oil well. Under the agreement, which will be signed by both the companies, Coastal Holdings will invest USD0.475m in cash to fund the developmental drilling of an oil well that is wholly owned by BDT, and will receive a 75% working interest in the oil well. Comments on this story may be sent to admin*m2.com (C)2005 M2 COMMUNICATIONS LTD http://www.m2.com [/QB][/QUOTE]
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