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KYWEE, I BELIEBE THERE R PEOPLE HERE THAT KNOW MORE THAN I DO , AND ALSO BELIEVE THAT THEY MIGHT HELP ME, A QUESTION NEVER HURTS MY FRIEND
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ADVERTISEMENT Alaskan Oil and Gas LTD intends to become a worldwide company specializing in the extraction and production of oil and gas in partnership with Fowler Oil & Gas through both owned and leased properties within the Cook Inlet oil basin of Alaska. Fowler Oil & Gas is looking to develop both oil and natural gas reserves located in the Cook Inlet oil basin in Alaska. Current Gas Reserve is a fully documented reserve with an estimated 1.9 trillion cubic feet in the Cook Inlet Basin. Current gas reserves for the Cook Inlet Basin are a fully documented reserve estimated by the State of Alaska for the Cook Inlet Basin Region. Cook Inlet basin, located in south-central Alaska where the Fowler property is located, is approximately 250 miles from north to south and 70 miles wide. The basin contains coal deposits within the Tertiary Tyonek Formation across its entire extent and within the Chickaloon Formation at its northeast corner. These coals are part of an extensive continental depositional system in the Tertiary that exceeds 26,000 feet in thickness at the basin center. Tyonek coals beds are abundant and continuous, exceeding 40 feet in thickness.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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This compnay has large land with mineral rights in Alaska. They were beginning to develop the property with another company, to extract Nat Gas and crude.
I believe the deal in Alaska fell through, thus, the reason for the name change.
"The company is in the process of completing the due diligence in regard to the acquisition of the 49% ownership of a producing oil company located in Russia. Preliminary financial statements of this company which are audited indicate some 20 million dollars of revenues. The company feels that the completion of this deal will also allow AKOL to become a reporting issuer and move to a higher trading venue."
-------------------- One is never completely useless. One can always serve as a bad example.
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