Aladdin Oil Corp. Makes Announcement.Business Editors LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--March 21, 2000 Aladdin Aladdin Hero of a well-known story in The Thousand and One Nights. The son of a poor widow, Aladdin is a lazy, careless boy who meets an African magician claiming to be his uncle. Oil Corp. has just released a corporate update to provide shareholders and other interested parties with interim information related to the company's achievements, goals and projections. Goals Aladdin Oil is implementing multiple projects to enhance company growth and increase shareholder value. Aladdin continues to have significant potential represented through the exploration and development of its extensive Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, assets. The company recognizes that these projects may take time to fully develop, and as a result, its primary goal remains to acquire producing properties with further upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside enhancement opportunities. In each case these activities should result in increased per-share values. Exploration and Drilling Aladdin Oil is aggressively continuing its exploration and development program. It was recently announced that the company secured approximately $1 million in new financing to commence a leasing program, named Black Gold. This leasing project is located within one of Aladdin's several high-potential Southern California properties. The company is in negotiations with several industry and financial groups to jointly develop this project. Aladdin hopes to release further news of these discussions in the second half of the year. Acquisitions Aladdin has maintained an aggressive acquisition posture posture /pos·ture/ (pos´choor) the attitude of the body.pos´tural pos·ture n. 1. A position of the body or of body parts. 2. throughout 1999. During this time, the company entered into negotiations to acquire producing properties in Texas, Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. and the Appalachian Basin.
Aladdin fully anticipates the completion of one of these acquisitions during the second quarter of 2000. Management is confident that these acquisitions will be highly rewarding to all shareholders. Background Aladdin Oil is an independent energy company concerned with the acquisition and development of oil and gas reserves. Aladdin Oil is focused on growth through acquisition, development and exploration primarily in the Appalachian Basin and states of Texas, Louisiana and California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). . Company Contacts Shareholders and interested parties are invited to contact Meghan Robins for additional information. Forward-Looking Information In addition to historical information contained herein, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. subject to various risks and uncertainties that could cause the company's actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "continue," "present value," "future," "reserves" or other variations thereof or comparable terminology. Factors that could cause or contribute to such differences could include, but are not limited to, those relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the company's growth strategy, outstanding indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. , dependence on weather conditions, seasonality, expansion and other activities of competitors, changes in federal or state environmental laws and the administration of such laws, and the general condition of the economy and its effect on the securities market. While the company believes its forward-looking statements are based upon reasonable assumptions, there are factors that are difficult to predict and that are influenced by economic and other conditions beyond the company's control. Investors are directed to consider such risks and other uncertainties discussed in documents filed by the company with the Securities and Exchange Commission. |
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