Altai Resources Inc. Announces Agreement With Talisman Energy Canada On Its Oil And Gas Permits In The Sorel-Trois Reviere Area, Quebec.TORONTO -- Altai Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ATI (ATI Technologies Inc., Markham Ontario, http://ati.amd.com) A leading manufacturer of graphics chips and display adapters. Founded in 1985 by K. Y. Ho, Benny Lau and Lee Lau, ATI chips and boards are widely used by OEMs. )(US Sec. Rule 12g3-2(b) File # 82-2950) ("Altai") and its joint venture partner in its Lac St. Pierre and Sorel Sorel (sôrĕl`), city (1991 pop. 18,786), S Que., Canada, at the confluence of the St. Lawrence and Richelieu rivers. It is a grain-shipping center with an important shipbuilding industry. gas properties, Petro St-Pierre Inc. (a Longueuil, Quebec based private company) have signed an agreement with Talisman Energy Canada ("Talisman") of Calgary, Alberta for a portion of their oil and gas permits in the Sorel-Trois Reviere area, Quebec. The agreement involves four permits and a fraction of a fifth one aggregating to approximately 74,250 hectares (183,500 acres) ("Farmout Lands"). Talisman may earn a 100% equity (working) interest in any permit by drilling one well in that permit. Talisman has committed to drilling one well, while the other wells are optional. The option extends to April 2010. Altai and Petro St-Pierre Inc. will retain an aggregate 15% (fifteen percent) gross royalty on production from the earned Farmout Lands. Altai has 53.5% working interest in the Farmout Lands and Petro St-Pierre Inc. has 46.5%. Development of a gas storage site or sale of storage rights remains an important aim of the project for Altai. In the latest annual meeting of shareholders, Niyazi Kacira, K. Sethu Raman, Rejean Paul and William Denning have been elected directors. The Board of Altai has appointed Maria Au, MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration , CGA (Color/Graphics Adapter) The first video display standard for the IBM PC. This low-resolution system was superseded by EGA and then VGA. CGA required a digital RGB Color Display monitor. See PC display modes. CGA - Color Graphics Adapter as Secretary-Treasurer of the Company. ALTAI RESOURCES INC. IS AN EXPLORATION COMPANY WITH A PORTFOLIO OF NATURAL GAS, GOLD, NICKEL AND INDUSTRIAL MINERALS PROPERTIES IN CANADA AND PHILIPPINES. TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has neither approved nor disapproved of the information contained herewith. Altai Resources Inc. (TSX VENTURE:ATI) |
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