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!!!TWOG, new oil, hasn't run yet. chartastic...TWOG!!!
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[QUOTE]Originally posted by matto: [QB] From my earlier post of this company which is involved in the area! they may play a roll in twog. Just good reading and pick this apart you may have fun!!! LUKOIL Overseas acquires 65% of issued and outstanding common shares of Nelson Resources Limited of Bermuda 10/14/05 CALGARY, Oct. 14, 2005 (Canada NewsWire via COMTEX) -- LUKOIL Overseas announces that it has acquired 65% of the issued and outstanding common shares of Nelson Resources Limited. These shares have been acquired from the major shareholders with whom LUKOIL Overseas had entered into irrevocable agreements announced on October 3, 2005. As a result of the above transaction, LUKOIL Overseas becomes the owner of 566,393,162 issued and outstanding common shares of Nelson Resources Limited. The acquisition price of US$ 2.1916 per share is the same as the consideration per share to be offered under the merger agreement entered into between LUKOIL Overseas, its affiliate and Nelson Resources Limited for US$ 2.0 billion, which was announced on October 13, 2005. LUKOIL Overseas, in addition, beneficially owns 18,250,000 common shares of Nelson Resources Limited issuable upon the exercise of stock options held by the major shareholders (approximately .7% of the diluted number of common shares) by virtue of having the right to acquire and the obligation to acquire such shares pursuant to the irrevocable agreements. LUKOIL Overseas does not act jointly with any person, other than its affiliate, in this regard. LUKOIL intends to acquire 100% of the issued and outstanding common shares of Nelson resources Limited pursuant to the merger agreement. Such intention may be varied as circumstances arise, including the discontinuance of such acquisition, a non-exercise of remaining rights of acquisition and/or the disposition of all or a portion of its interests in the securities. [/QB][/QUOTE]
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