Apollo Resources Announces Termination of Sale to Imperial Petroleum.DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S. -- Apollo Resources International, Inc. (Pink Sheets:AOOR AOOR Annals Of Operations Research ) today announced that a proposed sale of one of its wholly owned subsidiaries' oil and gas assets has been terminated. Apollo Resources CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Dennis McLaughlin, stated, "Apollo did not agree to Imperial's proposed terms of the transaction. On August 17, Imperial decided to terminate." Apollo Resources International (www.apolloresources.com) is a public energy company focused on the acquisition and development of upstream From the consumer to the provider. See downstream. (networking) upstream - Fewer network hops away from a backbone or hub. For example, a small ISP that connects to the Internet through a larger ISP that has their own connection to the backbone is downstream from the larger oil and natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources. |
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