Canop Announces Acquisition of Additional Acreage Republic of Tanzania.CALGARY, Alberta--(BUSINESS WIRE)--Aug. 4, 1998--Canop (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :CWC CWC Chemical Weapons Convention CWC Cricket World Cup CWC Central Wyoming College CWC Ceylon Workers' Congress (trade union; Sri Lanka) CWC Ceylon Workers Congress (Sri Lanka) .) Canop Worldwide Corp. wishes to announce it has received approval from the Tanzania Petroleum Development Corporation (TPDC TPDC Training Performance Data Center TPDC Terphenyldicarboxylate ) to amend its Production Sharing Agreement Production sharing agreements (PSAs) are used primarily to determine the share a private company will receive of the natural resources (usually oil) extracted from a particular country. to include certain lands contiguous to its existing Kisangire Block. The lands lie south of the Wingayongo oil seep and fall within the area known as the Rufiji Trough. Seismic over the acquired lands indicates a highly prospective structure believed to represent a Jurassic age reef. The acquisition contains approximately 2,000 sq. km., thus increasing Canop's acreage holdings from 15,000 to 17,000 sq. km. (4.3 million acres). TPDC is contacting the Tanzania Ministry of Energy and Minerals for Ministerial concurrence CONCURRENCE, French law. The equality of rights, or privilege which several persons-have over the same thing; as, for example, the right which two judgment creditors, Whose judgments were rendered at the same time, have to be paid out of the proceeds of real estate bound by them. Dict. de Jur. h.t. . In view of the acquisition, Canop will be conducting further seismic to delineate the above noted structure. Both Canop shares and warrants trade on the Alberta Stock Exchange.
CONTACT: Canop Worldwide Corp.
John Habbishaw, 403/205-2526
403/ 263-3168 (FAX)
info@canop.com
http://www.canop.com
or
Canop Worldwide Corp.
Larry Blonde, 403/205-2526
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