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Press Release Source: Transworld Oil and Gas
Transworld Oil and Gas Ltd. Announces Completion of Negotiations for the Acquisition of 100% of TWOG Friday December 9, 4:51 pm ET
HOUSTON, TX--(MARKET WIRE)--Dec 9, 2005 -- Transworld Oil and Gas Ltd. (Other OTC:TWOG.PK - News) announced today that it has completed negotiations for the share acquisition of all shares of TWOG. Shareholders will receive shares in the new company with a minimum value of $0.085 per twog share. ADVERTISEMENT
Management is recommending acceptance of this offer and mailings will be sent to shareholders shortly to provide the opportunity to vote on this deal. Management anticipates the completion of this offer prior to the end of February 2006.
About Transworld Oil and Gas Ltd.
Transworld Oil and Gas Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short- and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
Contact: Contact:
M. Mancini Tel: (281) 854-2374 Email: Email Contact
-------------------------------------------------------------------------------- Source: Transworld Oil and Gas
-------------------- I just want to make enough money to be eccentric. Posts: 2412 | From: Atlanta | Registered: Aug 2005
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Does anyone know who the buyer is? They have not mentioned or announced who the buyer is.
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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I got out with a profit at .018, because I know these always retrace. These penny stocks do not trend like they should and I am not willing to ride them out after these spikes. Nobody has the intension of holding because they will miss their oppurtunity of making bank.
Posts: 112 | From: Syracuse, NY | Registered: Oct 2005
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I'm holding 500,000 shares and would love to see .085 but they have not mentioned anything about who is buying it. Does anyone have an opinion on this?
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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Phoenix Associates Land Syndicate Closes Acquisition of ProGas, Inc. and Clarifies Statements about Nevada Oil Lease 12/15/05
COVINGTON, La., Dec 15, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) announced today it has closed on its acquisition of Covington, Louisiana based ProGas, Inc. The transaction, which was concluded on Wednesday, is expected to add significant production and distribution capacity to Phoenix's energy businesses on an ongoing basis. ProGas, which also has offices in Houston, Texas, has reported audited revenues in excess of $190,000,000 for the past fiscal year (y.e. 8/31/05).
Paul Alonzo, CEO of Phoenix stated, "We are very happy to have finalized this transaction. Along with the intrinsic value of ProGas' business operations, the Company is also fortunate to be gaining a talented, extremely knowledgeable and dedicated team in Oil & Gas operations that will undoubtedly enhance the Company's future position in those markets."
The Company issued a clarification of an inadvertent error contained in the Company's December 7th press release entitled, "Phoenix Associates Land Syndicate Acquires New Oil Lease in Nevada, Increasing Total Estimated Oil Reserves by Over 433%". In the Release, CEO Paul Alonzo was quoted as having stated that, "A producing well in close proximity to our new Nevada leasehold is currently producing in excess of 15,000 barrels of oil per day." The statement should have read, "Based on data collected from a third-party geologic study, a producing formation in close proximity to our new Nevada leasehold is believed to have current production capacity of approximately 15,000 barrels of oil per day."
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these business sectors and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward-Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Phoenix Associates Land Syndicate, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE: Phoenix Associates Land Syndicate
-------------------- Trading is a blast!! Posts: 4921 | From: Rhode Island | Registered: May 2005
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Company Plans to Change Its Name to International Energy Ltd. ORLANDO, FL, Dec 15, 2005 (MARKET WIRE via COMTEX) -- BDW Holdings, Ltd. (BDWH) announced today that it has reached an agreement to purchase all the outstanding shares of Transworld Oil & Gas (TWOG) for stock of BDW Holdings, Ltd. The company also plans to change its name to International Energy Ltd.
BDW plans to consolidate its present shares on a one-for-one-hundred basis and purchase all the outstanding shares of TWOG for the equivalent of $0.085 per TWOG share, in new shares of what will be International Energy Ltd.
After the purchase of TWOG, the new BDWH intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
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Posts: 190 | Registered: Sep 2005
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Ridgeland, MS, DEC 15, 2005 (EventX/Knobias.com via COMTEX) -- BDW Holdings, Ltd. (BDWH) announced that it has reached an agreement to purchase all the outstanding shares of Transworld Oil & Gas (TWOG) for stock of BDW Holdings, Ltd. The company also plans to change its name to International Energy Ltd. BDW plans to consolidate its present shares on a one-for-one-hundred basis and purchase all the outstanding shares of TWOG for the equivalent of $0.085 per TWOG share, in new shares of what will be International Energy Ltd. After the purchase of TWOG, the new BDWH intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
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Content Provided by Third Parties The content on this page is provided by third parties and not Fidelity. Fidelity did not prepare and does not endorse such content. Delayed quotes are delayed at least 20 minutes. Historical prices and fundamental data provided by Reuters and Thomson Financial. Proprietary ratings and ratings information are provided by third parties that are not affiliated with Fidelity. More About Third Party Content.
Posts: 190 | Registered: Sep 2005
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I'm new to trading stocks, so can anyone answer these questions? How long until the buyout will go through? Will the TWOG stock price go to .085 or will we just get stocks in BDWH that are priced at .085?
Posts: 4 | From: CA | Registered: Aug 2005
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I was wondering if anyone knows as of when do you have to be a shareholder? I have not been able to find this info anywhere.
Posts: 798 | From: Malverne, NY, United States | Registered: Jan 2004
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rdo37- I am guessing that you will not get a stock value of TWOG equal to that of BDWH, it will be based on the assets of each and shares will be proportional.
Posts: 3875 | From: ca. | Registered: Jul 2005
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This one is hard to know exactly what your getting, the other company sure is taking a hit.
Posts: 3875 | From: ca. | Registered: Jul 2005
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The pr says 100 shares of TWOG for 1 share of BDWH. Then BDWH will have a name change and be listed on a higher exchange. I think it would be better to just buy BDWH.
Posts: 167 | Registered: Dec 2005
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