Bonavista Petroleum Ltd. (formerly Ascentex Energy) Commences Trading Under New Symbol.CALGARY, Alberta--(BUSINESS WIRE)--March 3, 1997--Bonavista(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). BNP BNP B-type natriuretic peptide, brain natriuretic peptide Physiology A 32-residue peptide hormone produced predominantly in the ventricles, secreted in response to fluid overload–eg, CHF. See Atrial natriuretic peptide. .) BONAVISTA PETROLEUM LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability . (formerly Ascentex Energy, Inc. "AEN") commenced trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the new symbol of "BNP". This name change, which was approved by shareholders on January 31, 1997, reflects the substantial corporate changes that have taken place in the Company's capitalization, management and asset base pursuant to the acquisition of the Canadian properties of American Trading and Production Corporation. Coincidental with the name change, the Company's common shares have been consolidated on a 1 for 3 basis resulting in approximately 10,000,000 shares outstanding. Production currently averages 15 mmcf/d and 600 BOPD and 1997 cash flow is forecast to be in the $7.0 to $7.5 million range (approximately $0.75 per share) on gross revenue of $15.0 million. CONTACT: Bonavista Petroleum Ltd. Eric Gronberg, 403/ 265-3320 |
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